Atlanta hits 52-week low, locked at 20% lower circuit on statutory auditor resignation

A labourer, wearing an improvised protective mask, welds steel bars at a residential construction site in Quzhou, Zhejiang province April 3, 2014. Chinese steel and iron ore futures edged higher on Thursday, spurred by Beijing's move to hasten construction of railway lines to support a slowing economy, although gains were capped since the boost to steel demand is likely to be limited. REUTERS/Stringer (CHINA - Tags: BUSINESS COMMODITIES SOCIETY CONSTRUCTION) CHINA OUT. NO COMMERCIAL OR EDITORIAL SALES IN CHINA - RTR3JQYS

Shares of Atlanta touched 52-week low of Rs 51.10, locking at 20 percent lower circuit on the back of resignation of statutory auditors of the company.

There were pending sell orders of 110,352 shares, with no buyers available.

Price Waterhouse Chartered Accountants LLP, 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, company said in release.

The company's scheduled board and other committee meeting on May 29 for approval of audited results has been postponed.

At 11:49 hrs Atlanta was quoting at Rs 51.10, down Rs 12.75, or 19.97 percent.