Atlanta tanks 20% as auditor Price Waterhouse resigns

The stock locked in lower circuit of 20% at Rs 51.10, also its fresh 52-week low on the BSE.

Shares of Atlanta are locked in lower circuit of 20% at Rs 51.10, also its fresh 52-week low on the BSE, after the Price Waterhouse resigned as auditor of the company with effect from May 29, 2018.

“Price Waterhouse Chartered Accountants LLP, (FRN012754N/N500016), Statutory Auditors of the Company, vide their letter dated May 29, 2018 have resigned from their position as the Statutory Auditors of the Company for F.Y.-2017-18 with immediate effect,” Atlanta said in a regulatory filing.

The auditor put their resignation due to lack of information provided the company for the purposes of audit of the