Enviro Infra says auditor of material subsidiary Suyog Urja resigned
Enviro Infra Engineers said in an NSE filing that the auditor of its material subsidiary Suyog Urja resigned on 4 November 2026 at the company's request, citing no concerns over its work.
Key points
- Enviro Infra told the National Stock Exchange that Nikunj Raichura & Associates resigned as statutory auditors of Suyog Urja Limited from 4 November 2026.
- The auditor's letter says it resigned at the company's request to align audit arrangements with the parent group, and not over any concern.
- The company said both audit committees noted the resignation, and the filing does not name the subsidiary's new auditor.
Enviro Infra Engineers Limited said in a filing with the National Stock Exchange on 5 November 2026 that the statutory auditor of its material subsidiary, Suyog Urja Limited, has resigned. The auditor, Nikunj Raichura & Associates, Chartered Accountants, stepped down with effect from 4 November 2026. The auditor's letter says the resignation was at the company's request, not over any concern.
What Happened
The filing says Nikunj Raichura & Associates resigned as statutory auditors of Suyog Urja Limited, which Enviro Infra describes as its material subsidiary. The resignation took effect on 4 November 2026.
According to the annexure, the firm was appointed on 30 September 2025 for five years, until the annual general meeting to be held in the financial year 2030-31. Its last report before resigning was the limited review report for the quarter and half year ended 30 September 2026, issued on 3 November 2026.
In its resignation letter, dated 4 November 2026, the firm wrote that the resignation is "pursuant to the request received from the Company vide its communication dated 02 November 2026, consequent to the recent change in management and the Company's decision to align its audit and financial reporting framework with that of its parent company and the larger group."
The letter adds that the company proposes to appoint the existing group auditor of the parent company as its statutory auditor. The firm confirms that its resignation "is not attributable to any concerns regarding our professional conduct or performance as Statutory Auditors." The annexure marks the sections on concerns raised before resignation and on information not provided as "Not Applicable".
Enviro Infra said the audit committees of Suyog Urja and of Enviro Infra met on 5 November 2026, took note of the resignation and the auditor's disclosure, and noted that the auditor "have not raised any concerns in relation to their resignation."
The filing does not name the new auditor.
What It Means
The filing is a disclosure under the stock exchange listing rules, which require a listed company to report a change of auditor at a material subsidiary together with the reasons. Here, both the company and the outgoing auditor describe the change as a matter of aligning audit arrangements with the parent group, and neither reports a disagreement.
The new auditor and the date of appointment have not yet been disclosed in this filing. Investors who have a complaint about a listed company can lodge it at https://scores.sebi.gov.in.
Oquilia Data: Enviro Infra Engineers Ltd. (NSE: EIEL)
| Close, 4 Nov 2026 | Rs 179.55 (+7.02% on the day) |
|---|---|
| Return 1M / 3M / 6M / YTD / 1Y | −2.42% / −20.02% / −15.91% / −12.80% / −28.67% |
| Against Nifty 50, 1M / 3M / YTD | −9.28 / −17.36 / −4.50 points |
| 52-week closing high / low | Rs 244.49 (10 Jul 2026) / Rs 137.14 (9 Mar 2026) |
| Turnover, 20-session average | Rs 13.43 cr; 34.3% delivered; latest volume 1.1x |
| Insider trades, 90 days | 3 purchases (Rs 1.34 cr), 0 sales (Rs 0.00 cr) |
Closes adjusted for splits and bonuses; returns exclude dividends; insider figures from BSE filings. Facts from NSE's files, not investment advice.
Source: Company filing on NSE
Sources & Citations
- Company filing on NSE — National Stock Exchange of India