Announced Mon, 31 Aug · 15:18 IST
Statutory Auditor STAV & Co resigns due to expired peer review certificate
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.0%1-day move
₹31.14
prior close
₹30.60
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.7——+1.0-2.2-1.5+3.1+2.7+1.2————
Up moveDown movePending
AI summary
Syschem (India) Limited's statutory auditor M/s STAV & Co., Chartered Accountants, has resigned effective 31 August 2026 after business hours. The reason cited is the expiry of the firm's Peer Review Certificate on the same date, which was not renewed. The auditor confirmed no other reasons for resignation. The company will now appoint a new statutory auditor under the Companies Act, 2013.
Likely market impact
Routine administrative change with no governance concerns flagged. Company will need to appoint a new auditor to ensure compliance.