Announced Thu, 13 Aug · 19:13 IST
Statutory Auditor resigns mid-term citing fee disagreement
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.3%1-day move
₹73.69
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-4.3-5.0-6.4-6.4-10.4—————
Up moveDown movePending
AI summary
Statutory Auditor M/s D S M R & Co has resigned with effect from 13 August 2026, before completing its 5-year term (appointed 27 Sep 2024, scheduled to run until the 42nd AGM). The auditor cited inability to agree on a fee structure to support the increased professional time and compliance resources needed. They completed the FY2025-26 audit and Q1 FY2026-27 limited review. The company must now appoint a new auditor.
Likely market impact
Mid-term auditor exit over fee disagreements may raise governance concerns and require timely appointment of a new auditor to avoid audit delays.