Ann: AGM Chairman's Address and CEO Presentation, page-101

SO, I'm not seeing that the share price fell by that much.

First it fell by 23% on Friday May 18, when the Q4 and Fiscal Year results were announced. The results were poor. There was a net consolidated loss reported for the final quarter of ~AU$900,000, compared with a net consolidated profit of ~AU$18m reported in the corresponding quarter last year. The Fiscal Year net consolidated profit was ~AU$14 m v ~AU$55m in the previous year.

The following Monday (21 May) the sp moved down a further 7%, which isn’t particularly significant, imo.

What did catch my attention though was Strides’ announcement to the market yesterday, titled “Clarification on Rumour”, which read as follows

We understand that there are unconfirmed rumours in the market relating to the resignation of Statutory Auditors of the Company. The Company wishes to clarify that the Company has already declared Audited Financial Results for the Financial Year 2017-18 on May 18, 2018 and M/s. B S R & Co. LLP, the Statutory Auditors of the Company have issued the Auditors’ Report for the Financial year ended March 31, 2018 with unqualified opinion in respect of the Standalone and Consolidated Financial Results, the copies of which has already been submitted to disalloweds. We, therefore, wish to clarify that the rumours are malicious and unfounded and there is no truth in the matter. We request you to take this clarification on record and disseminate to Investors community.

Malicious and unfounded rumours…..?

https://www.bseindia.com/xml-data/corpfiling/AttachLive/8d40b727-3ede-4433-a5ae-b6471a4860b6.pdf