more-inShares of Manpasand Beverages lost 20% on Monday after the company announced the sudden resignation of Deloitte Haskins & Sells, the statutory auditors of the company, while cancelling the board meet scheduled to be held on Wednesday. On the BSE, the shares of the Gujarat-based company remained locked at their lower circuit of 20%, declining ₹86.20 to ₹344.80. The board of the company, which makes the popular Mango Sip drink, was scheduled to meet to approve the results for the financial year 2017-18. The board meeting has been postponed and the new date will be announced shortly. This is just a minor hiccup and doesn't represent any long term business impact,” added the statement.

Source: The Hindu May 28, 2018 15:59 UTC