Step-down subsidiary ATPL gets new statutory auditor after resignation
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BLS International Services informed that S.R. Batliboi and Co. LLP resigned as statutory auditor of step-down subsidiary Atyati Technologies (ATPL) effective September 28, 2026. Reason: other EY member firms provide non-audit services to holding companies BLS E-Services and BLS International, creating an independence conflict. S.S. Kothari Mehta and Co. LLP appointed to fill the casual vacancy till the 2026-27 AGM. ATPL is a material subsidiary and last audit was completed for year ended March 31, 2026.
Routine auditor switch at subsidiary level triggered by EY network independence rules. No governance concerns flagged. Minor impact on listed entity.