Auditor2 Sept 2026, 04:17 pm
KPI Green Energy Subsidiary Appoints New Statutory Auditors
AI Summary
KPI Green Energy Limited's material subsidiary, Sun Drops Energia Limited (SDEL), has appointed MSKC & Associates LLP as its new statutory auditors. This appointment fills a casual vacancy created by the resignation of M/s. K A Sanghavi & Co LLP, effective September 02, 2026. The resignation was to align SDEL's auditors with its holding company, KPI Green. The new auditors, a member firm of BDO International, will serve for five years, subject to shareholder approval at the upcoming AGM. No concerns were raised by the resigning auditor regarding the audit process.
Key Highlights
- SDEL, a material subsidiary of KPI Green, has changed its statutory auditors.
- M/s. K A Sanghavi & Co LLP resigned; MSKC & Associates LLP appointed.
- Appointment aims to align auditors with the holding company, KPI Green.
- New auditors appointed for a five-year term, pending shareholder approval.
- No adverse remarks from the resigning auditor regarding the audit process.
Price Impact
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