Announcement under Reg 30 (LODR) - Appointment of Forensic Auditor
ELITECON · price
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SEBI has appointed M/s BDO India Services Private Limited as forensic auditor for Elitecon International Ltd under an Interim Order dated March 30, 2026. The audit will cover books of accounts for four financial years: FY 2022-23, FY 2023-24, FY 2024-25, and FY 2025-26. This appointment is to assist the Investigating Authority appointed by SEBI in an ongoing matter. The company states it is cooperating and reserves all rights and contentions, clarifying that the disclosure should not be construed as an admission of any violation or adverse finding.
Appointment of a forensic auditor by SEBI signals an active regulatory investigation and may raise concerns among investors about potential financial irregularities. The stock could face negative sentiment until the matter is resolved.