Statutory Auditor M/s GBCA and Associates LLP resigns mid-term

Auditor Resigned MidtermManagement Changes View source PDF Explain this filing

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

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₹216.26

prior close

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Nifty Microcap 250market · in no size index; the smallest one is used+0.9%+2.2% vs market

Auto Components & Equipments peers, median of 109sector+0.8%+2.3% vs sector

On the reaction day the stock moved 2.2 pts more than Nifty Microcap 250 and 2.3 pts more than its Auto Components & Equipments 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

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Next day

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AI summary

Uravi Defence and Technology's statutory auditor, M/s GBCA and Associates LLP, resigned on November 11, 2025, after failing to agree on audit remuneration. The firm was appointed in September 2024 for a 5-year term till 2029, making this a mid-term exit. No concerns were raised about company management, and no material reason beyond the fee disagreement was cited. The board will appoint a new statutory auditor to fill the casual vacancy in due course.

Likely market impact

Mid-term auditor exit over fee dispute may raise short-term governance questions. No audit concerns flagged. Watch for new auditor appointment news.