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January 22, 2014
05:10 EDTANFIAmira Nature Foods downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded Amira Nature Foods citing valuation and keeps a $19 price target for shares.
News For ANFI From The Last 14 Days
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August 21, 2015
08:59 EDTANFIAmira Nature Foods rejects 'misleading' claims made by Prescience Point
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August 19, 2015
18:34 EDTANFIOn The Fly: After Hours Movers
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17:54 EDTANFIAmira Nature Foods terminates Deloitte, appoints ASA as accounting firm
Amira Nature Foods disclosed in a regulatory filing that on August 19, the Audit Committee of Amira Nature Foods appointed ASA & Associates as the company's independent registered public accounting firm for the year ended March 31, effective immediately, and ASA & Associates accepted the engagement on August 19. Simultaneously with the engagement of ASA & Associates, the company terminated Deloitte Haskins & Sells as its independent registered public accounting firm. For the years ended March 31, 2014 and 2013 and through March 31, 2015, there were no disagreements with Deloitte Haskins & Sells on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to Deloitte Haskins & Sells LLP's satisfaction, would have caused Deloitte Haskins & Sells to make reference to the subject matter thereof in connection with its reports for such years; or reportable events that would be required to be described under Item 16F(a)(1)(v) of Form 20-F in connection with the company's annual report on Form 20-F. Deloitte Haskins & Sells requested the Audit Committee retain independent external forensic investigators to conduct an investigation into the issues raised in a short seller report dated July 30, 2015 and other transactions identified by Deloitte Haskins & Sells in connection with its incomplete audit of the company's financial statements for the year ended March 31, 2015. Deloitte Haskins & Sells LLP also communicated to the Audit Committee that it would need to evaluate its responsibility under Section 10A of the U.S. Securities Exchange Act of 1934 if the Audit Committee were to fail to take timely and appropriate action in response to the matters identified above. Because Deloitte Haskins & Sells LLP was terminated prior to the Audit Committee commencing an investigation, Deloitte Haskins & Sells LLP has informed the company that it cannot determine: whether the Audit Committee took timely and appropriate action with respect to the matters identified above; whether the information obtained from an investigation would materially impact previously issued audit report or underlying financial statements for fiscal years ended March 31, 2014 and 2013; or whether the information obtained from an investigation would cause Deloitte Haskins & Sells to be unwilling to rely on management's representations. Accordingly, Deloitte Haskins & Sells has advised the company that it is not able to reissue its report or issue a consent to its inclusion in filings of the company with the SEC.
August 18, 2015
10:00 EDTANFIOn The Fly: Analyst Downgrade Summary
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06:30 EDTANFIAmira Nature Foods downgraded to Market Perform from Outperform at BMO Capital
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