Statutory auditor resigns before 2027 term end over audit fee dispute

Auditor resigned mid-termManagement Changes View source PDF Explain this filing

TAKE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+5.0%Reaction day

₹14.64

prior close

₹15.37

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+4.8% vs market

Healthcare Services peers, median of 52sector · industry level+0.1%+4.9% vs sector

On the reaction day the stock moved 4.8 pts more than Nifty Microcap 250 and 4.9 pts more than its Healthcare Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Healthcare Services peers, median of 52Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Sundar Srini & Sridhar resigned as Take Solutions' statutory auditor on 8 October 2025, before its term ended in 2027. The firm cited disagreement over audit fees, additional procedures and two years of delayed payments. It has no concerns about information from management and will complete the September quarter review and assist with the transition.

Likely market impact

The early exit may delay audits and raise governance and reporting concerns, especially given fee delays and the company's constrained cash position.