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Manpasand Beverages shares hit lower circuit as another auditor resigns

Updated : July 10, 2019 12:40 PM IST

Shares of Manpasand Beverages slipped 4.90 percent intraday on Wednesday after the resignation of statutory auditors owing to the ongoing Goods and Services Tax Department investigations in the company.
In a letter addressed to the company, the auditors said,”re-evaluated the firm and had considered recent developments, including actions and investigations initiated by the GST authorities.”
The company however accepted the resignation from its auditor, Mehra Goyal & Co. without explaining “inability to continue” allegations by the auditor.
Manpasand Beverages shares hit lower circuit as another auditor resigns

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