Manpasand Beverages hit a lower circuit limit of 20% at Rs 344.80 at 11:36 IST on BSE after the company announced the resignation of statutory auditor Deloitte Haskins & Sells with effect from 26 May 2018.
The announcement was made on Sunday, 27 May 2018.On the BSE, 8,477 shares were traded in the counter so far compared with average daily volumes of 21,000 shares in the past two weeks. The stock was currently frozen at its 52-week low levels. The stock had hit a high of Rs 345 so far during the day. The stock hit a 52-week high of Rs 511.83 on 15 September 2017.
Manpasand Beverages said the board has appointed Mehra Goel & Co as statutory auditor of the company with effect from 27 May 2018 to fill the casual vacancy.
Manpasand Beverages said that the board meeting scheduled on 30 May 2018 to consider audited financial results and to recommend dividend, if any, has been cancelled and further notice for the same will be sent in due course of time.
Net profit of Manpasand Beverages rose 65.61% to Rs 11.99 crore on 39.71% rise in net sales to Rs 143.13 crore in Q3 December 2017 over Q3 December 2016.
Manpasand Beverages is a pure-play beverage company and one of the leading fruit juice manufacturers.
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