KPI Green Energy Subsidiary SDEL Appoints New Auditors MSKC & Associates LLP
Sun Drops Energia Limited (SDEL), a material subsidiary of KPI Green Energy Limited, has appointed M/s. MSKC & Associates LLP as its new statutory auditors. This appointment follows the resignation of M/s. K A Sanghavi & Co LLP, effective September 02, 2026. The new auditors will serve for five years, pending member approval.
A change in statutory auditors is a standard corporate governance procedure and typically has a low direct impact on the company's operations or financial performance unless specific issues are raised, which is not the case here.
The change in auditors is a routine corporate action and does not inherently indicate positive or negative performance for the company. The reason provided for the change is alignment of auditors between parent and subsidiary, which is a neutral business decision.
KPI Green Energy Limited has announced a change in statutory auditors for its material subsidiary, Sun Drops Energia Limited (SDEL). M/s. K A Sanghavi & Co LLP have resigned as the statutory auditors of SDEL, effective September 02, 2026. This resignation is intended to align the statutory auditors of SDEL with those of its holding company, KPI Green.
Following the resignation, the Board of SDEL, based on the Audit Committee's recommendation and subject to members' approval, has approved the appointment of M/s. MSKC & Associates LLP as the new statutory auditors for SDEL. This appointment is to fill the casual vacancy caused by the resignation. MSKC & Associates LLP, a member firm of BDO International, will serve for a term of five consecutive years, from the conclusion of SDEL's 7th AGM until the conclusion of its 12th AGM in 2031, pending shareholder approval at the upcoming AGM.
There are no concerns raised by the resigning auditor that may have hampered the audit process. The resigning auditor, M/s. K A Sanghavi & Co LLP, had completed the statutory audit for the year ended March 31, 2026, and issued their audit report on May 05, 2026.
A plain-language summary of a public exchange filing by KPI Green Energy Limited. Read the original for the full detail.