Statutory auditor Harish Gummadi and Co resigns before term completion

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

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

+7.1%Reaction day

₹2.40

prior close

₹2.57

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+2.2%+4.9% vs market

Healthcare Service Provider peers, median of 27sector+1.6%+5.5% vs sector

On the reaction day the stock moved 4.9 pts more than Nifty Microcap 250 and 5.5 pts more than its Healthcare Service Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+7.1+2.2+4.9+1.6+5.5

Next day

+6.3pendingpending+0.8+5.5

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UpDownMarket · Nifty Microcap 250Sector · Healthcare Service Provider peers, median of 27Pending

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

AI summary

Statutory auditor Harish Gummadi and Co resigned effective 3 November 2026, before its term at the next annual meeting. It cited an unforeseen family medical emergency and insufficient time and resources. Appointed on 2 November 2026 to fill a vacancy, the firm had issued no audit or quarterly review report and could not complete the 30 September 2026 quarter review by 14 November. The company will appoint a new auditor.

Likely market impact

A new auditor is needed promptly to complete the September quarter review, creating some near-term reporting risk. No audit concerns were reported.