Announced Thu, 13 Aug · 17:24 IST
Statutory Auditor SSRV and Associates resigns mid-term
VCL · 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
+9.9%1-day move
₹1.61
prior close
₹1.69
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0———+9.9+14.9+20.5+26.1+32.3—————
Up moveDown movePending
AI summary
Vaxtex Cotfab informed the exchange that statutory auditor SSRV and Associates resigned with effect from August 13, 2026, about two years before their term was to end at the 23rd AGM in FY 2028. The auditor cited new client assignments requiring more time and resources. They confirmed no disputes or governance concerns with the company. The last report signed was the limited review of Q1 FY27 results dated August 10, 2026.
Likely market impact
Company must appoint a new statutory auditor soon. Outgoing auditor raised no governance concerns or audit quality issues.