Announced Mon, 6 Jul · 14:26 IST
Postal ballot approved to appoint new statutory auditors
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
-2.7%1-day move
₹51.50
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.7+1.8+1.3+0.8+2.4+2.3-1.3———
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AI summary
The board approved a postal ballot notice to appoint M/s TRS and Associates as the new statutory auditors for FY 2025-26. This fills a casual vacancy caused by the resignation of the previous auditors, M/s S. L. Patel and Co. A scrutinizer, CS Kunal Sharma, was also appointed to oversee the remote e-voting process.
Likely market impact
Shareholders will vote on the new auditor appointment; sudden change of auditor mid-tenure may raise governance questions for investors.