Manpasand Beverages hits 5% lower circuit as auditor Mehra Goel & Co quits

The fruit juice maker is embroiled in a tax evasion case worth Rs 40 crore, involving a turnover of Rs 300 crore.

Shares of Manpasand Beverages were locked in 5 per cent lower circuit at Rs 38.85 apiece on Wednesday after the company’s auditor Mehra Goel & Co. resigned owing to the ongoing Goods and Services Tax (GST) scam investigations against the company.
 

In a letter addressed to the company, the auditors said they had “re-evaluated the firm and had considered recent developments, including actions and investigations initiated by the GST authorities”. 
 

Without clarifying any further, Mehra Goel & Co. said it was tendering its resignation owing to their “inability to continue” as the statutory auditors. READ HERE
 

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