Enviro Infra Engineers Limited has announced the resignation of its statutory auditor, M/s. Nikunj Raichura & Associates, for its material subsidiary, Suyog Urja Limited (SUL). The resignation is effective from November 04, 2026. The company’s Audit Committee and the Board of Directors have taken note of the resignation, confirming no concerns were raised by the auditors regarding their professional conduct or performance.
Auditor Resignation at Material Subsidiary
Enviro Infra Engineers Limited has formally notified stakeholders regarding the resignation of its statutory auditors, M/s. Nikunj Raichura & Associates, for its material subsidiary, Suyog Urja Limited (SUL). This change in audit oversight is effective from November 04, 2026.
Company’s Stance and Procedures
The announcement, dated November 5, 2026, details that the resignation follows a request from the subsidiary’s management. This request was prompted by a recent change in management and a strategic decision to align SUL’s audit and financial reporting framework with that of its parent company and the larger group. The aim is to foster greater synergy in audit approaches and standardize accounting practices.
Enviro Infra Engineers has confirmed that the resignation is solely due to the proposed alignment and is not attributed to any professional conduct or performance concerns by the outgoing auditors. The Audit Committee of SUL and the Audit Committee of the parent company, in their respective meetings held on November 5, 2026, acknowledged the resignation and noted that the auditors did not express any reservations.
Details of Resignation
The required disclosures, as per SEBI regulations, have been furnished. Suyog Urja Limited is identified as the material subsidiary. The resignation of M/s. Nikunj Raichura & Associates, with Firm Registration Number 158531W, is confirmed with a cessation date of November 04, 2026. They were appointed as statutory auditors on September 30, 2025, for a five-year term concluding with the Annual General Meeting in FY 2030-31. The latest submitted report was a limited review for the quarter and half-year ended September 30, 2026, issued on November 03, 2026. No concerns regarding audit evidence or management limitations were reported.
Source: BSE
