Audit Committee''s views on the resignation of statutory auditor of the company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.1 pts less than Nifty Microcap 250 and 3.8 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Vrundavan Plantation Limited has informed the stock exchange about the resignation of its statutory auditor, M/s. Doshi Doshi & Co (Registration No. 153683W), who stepped down on 16th December 2025. The Audit Committee held a meeting on 31st December 2025 to review the resignation and noted the reasons provided by the auditor in their resignation letter. Importantly, the committee confirmed that the auditor did not raise any concerns about management conduct, information availability, or the quality of financial reporting. The committee also verified that sufficient information had been provided to the auditor during their tenure and that no unresolved issues remain. The committee placed on record its appreciation for the outgoing auditor's services and found no adverse impact on the integrity of the company's financial statements.
For shareholders, this is largely a procedural update with no red flags — the auditor flagged no governance or reporting concerns before leaving, which limits the negative impact on the stock. However, shareholders should watch for the appointment of a new statutory auditor in a future filing.