Elpro International reports that M/s. R. Mehta & Associates, the statutory auditors for its key subsidiaries, Ultra Sigma Private Limited and Elpro Realty Private Limited, have stepped down.

The auditors stated their inability to continue due to pre-occupation with other professional commitments, indicating no other material reasons for their departure.

This change in audit firms for these material subsidiaries will require the company to appoint new auditors to ensure ongoing financial transparency and governance for these entities.

Investors should be aware of this routine yet important update in the company's oversight structure.