We understand that the rumor/message is being spread among investor community that the Auditors of Srikalahasthi Pipes Limited have resigned and the company has also received e-mails from certain shareholders in this regard. In this connection, we would like to submit that M/s. Lodha & Co., Chartered Accountants have been appointed as Statutory Auditors of the Company in the Annual General Meeting held on 27th September, 2017 and they have audited the Accounts of the Company for the year ended 31st March, 2018. Ms/ Lodha & Co are also now reviewing our quarterly financial results for the quarter ended 30th June, 2018, which will be approved at the ensuing Board Meeting of the Company to be held on 30th July, 2018 for publication.
In view of the above we would like to clarify that that rumor being spread among the investor community is incorrect and baseless.
Shares of Srikalahasthi Pipes Limited was last trading in BSE at Rs.197.15 as compared to the previous close of Rs. 206.9. The total number of shares traded during the day was 19092 in over 634 trades.
The stock hit an intraday high of Rs. 206.85 and intraday low of 195. The net turnover during the day was Rs. 3852920.