Renold (RNO) postponed its July annual general meeting after identifying historical accounting mistakes over its financial years to 2017, 2018 and 2019. The precision engineering products group, which moved its shares from the main market to Aim in June, revealed that it had overstated asset values and profits within its gears unit by around £1.8m. Renold shares fell by around a fifth to 26p on day of the announcement.
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