Q1 FY27 results, statutory auditor resigns mid-term
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 2.1 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Trident Texofab Q1 FY27 revenue from operations fell to 2,614 lakhs from 2,808 lakhs year-on-year. Profit after tax dropped to about 52 lakhs from 102 lakhs. Statutory auditor Shah Kailash and Associates resigned mid-term effective August 10, 2026, citing professional workload and stating no disagreement with management. New internal auditor Prit Agrawal and Co appointed for FY27. Board also noted forfeiture of 25 percent of warrant amounts after the 18-month conversion period expired on June 22, 2026.
Auditor mid-term exit and weak Q1 results may weigh on short-term sentiment. Watch for new statutory auditor appointment to fill the casual vacancy.