Resignation of Statutory Auditors from Ultra Sigma Private Limited and Elpro Realty Private Limited (Formerly known as Faridabad Management Private Limited), Material Subsidiaries of Elpro ....
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M/s. R. Mehta & Associates, Chartered Accountants, has resigned as Statutory Auditor from two material subsidiaries of Elpro International — Ultra Sigma Private Limited and Elpro Realty Private Limited (formerly Faridabad Management Private Limited). The resignation takes effect from close of business hours on July 30, 2025, less than a year after being appointed on September 25, 2024, with their original term scheduled to run until 2029. The auditor cited pre-occupation with other professional assignments and inability to devote sufficient time as the reason. No concerns, disagreements with management, or other material reasons were flagged, and the auditor had already submitted a limited review report for Q1 FY26 (quarter ended June 30, 2025) on the same day.
This is a mid-term auditor change at the subsidiary level with a routine, non-confrontational reason (capacity constraints). It is unlikely to materially affect Elpro International's stock price, though shareholders may note that the subsidiaries will need to appoint new auditors promptly. No governance red flags are indicated.