Under the lens

Manpasand is running out of juice

The auditor's resignation might have made headlines — but it’s only a symptom of a much bigger problem eating into the company.
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30 May 2018 0 comment
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This is my last season selling Mango Sip.Manpasand distributor in VaranasiWhat happened? Manpasand Beverages Pvt Ltd, the marketer of Mango Sip juice, one of the hot consumer companies to have emerged in the last three years, has seen more than 1/3 (~40%) of its market value evaporate over the last five days. So sharp has been the drop in its stock its email, the company also said the following: "Deloitte has been auditor of Manpasand Beverages Limited for 8 long years, and we have been providing all required information as and when required by them. While there could have been some delays but we have never denied sharing any information with them," Abhishek SIngh, Director, Manpasand Beverages, said in an email reply.)
This is my last season selling Mango Sip.Manpasand distributor in VaranasiWhat happened? Manpasand Beverages Pvt Ltd, the marketer of Mango Sip juice, one of the hot consumer companies to have emerged in the last three years, has seen more than 1/3 (~40%) of its market value evaporate over the last five days. So sharp has been the drop in its stock its email, the company also said the following: "Deloitte has been auditor of Manpasand Beverages Limited for 8 long years, and we have been providing all required information as and when required by them. While there could have been some delays but we have never denied sharing any information with them," Abhishek SIngh, Director, Manpasand Beverages, said in an email reply.)

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