Ways2Capital Reviews : Manpasand Beverages Hits 20% Lower Circuit After Auditor Deloitte's Exit

Manpasand Beverages stock is currently trading at Rs344.80 down by Rs86.2 or 20% from its previous closing of Rs431 on the BSE.

The statutory auditors for Manpasand Beverages announced to the stock exchanges that Deloitte Haskins & Sells, Chartered Accountants, Vadodara, have resigned as Statutory Auditors of the company w.e.f. May 26, 2018.

Mehra Goel & Co., Chartered Accountants, New Delhi, have been appointed as statutory auditors in Deloitte’s place w.e.f. May 27, 2018.

The company also announced that due to sudden exit of its auditors, the Board meeting scheduled on May 30, 2018 has been cancelled. The Board meeting was supposed to be held for considering Q4FY18 results and dividend of the company.

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About Bhoomi Desai