Uravi Defence statutory auditor GBCA & Associates resigns over fee disagreement

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.

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AI summary

Uravi Defence and Technology's statutory auditor M/s. GBCA & Associates LLP resigned on November 11, 2025, citing inability to agree on audit fees. They were appointed in September 2024 for a 5-year term ending at the 2029 AGM. No concerns about management were flagged. The Board will appoint a new auditor to fill the casual vacancy.

Likely market impact

Resignation is over fee disagreement, not governance concerns. Board will appoint a replacement. Limited impact expected for shareholders.