Tarapur Transformers: Qualified audit opinion; negative net worth raises going concern doubt

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TARAPUR · price

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

+1.1%Reaction day

₹17.91

prior close

₹17.68

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.9%-0.9% vs market

Investment Company peers, median of 61sector+0.9%+0.2% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 0.2 pts more than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+3.4

10m

+3.0

15m

+3.0

30m

+3.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.1+1.9-0.9+0.9+0.2

Next day

+1.6+3.3-1.7+1.2+0.4

+2.1+3.5-1.3+1.6+0.5

-1.7+2.4-4.2+1.1-2.8

-0.2+3.1-3.2+0.6-0.7

+2.2+2.6-0.4+0.5+1.6

-4.0+2.1-6.1+0.3-4.2

15d

-11.7+0.9-12.6-1.1-10.6

-19.0+5.5-24.6+0.0-19.0

-27.7+8.1-35.8-2.0-25.7

-7.4+3.5-10.9-9.5+2.1

UpDownMarket · Nifty Microcap 250Sector · Investment Company peers, median of 61Pending

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

AI summary

Tarapur Transformers replied to NSE's query on its audit qualification filing, blaming the CFO's absence for the missing signature; the filing is now corrected. The auditor's qualified opinion flags serious issues: negative net worth of Rs. 186.21 lakhs raising going concern doubt, net loss of Rs. 184.67 lakhs on turnover of Rs. 139.75 lakhs, contingent liabilities of Rs. 959.71 lakhs, and loans exceeding statutory limits.

Likely market impact

Auditor raised going concern doubt, negative net worth of Rs. 186.21 lakhs, and 9 audit qualifications. Major red flags for shareholders.