Amira Nature Foods Ltd (NYSE:ANFI), a leading global provider of packaged Indian specialty rice, announced today that the Audit Committee of its Board of Directors engaged ASA & Associates LLP (“ASA”) as the Company’s independent auditors, effective August 19, 2015. ASA will commence work immediately to audit the Company’s financial results for the fiscal year ended March 31, 2015. ASA & Associates is one of the leading independent auditors in India, with more than 500 employees across eight cities and serving many Indian and international clients.
Additionally, the Audit Committee of the Board of Directors of Amira has also elected to appoint an independent external investigative firm.
Additional information on this announcement can be found in the Company’s Form 6-K filed today with the Securities and Exchange Commission. (Original Source)
Shares of Amira Nature Foods are down 5.38% to $4.40 in after-hours trading. ANFI has a 1-year high of $19.86 and a 1-year low of $4.56. The stock’s 50-day moving average is $11.10 and its 200-day moving average is $10.33.
On the ratings front, Oppenheimer analyst Rupesh Parikh maintained a Buy rating on ANFI, in a report issued on August 3. According to TipRanks.com, Parikh has a total average return of 7.0%, a 59.8% success rate, and is ranked #706 out of 3740 analysts.
Amira Nature Foods Ltd is a provider of packaged Indian specialty rice, with sales in over 60 countries. It also sell other products such as wheat, barley and legumes.