Statutory Auditor Change at Material Subsidiary Atyati Technologies

Material subsidiary Atyati Technologies Private Limited has changed its statutory auditor.

Tue 29 Sep 2026

Previous Auditor

S.R. Batliboi & Co. LLP

Resignation Date

September 28, 2026

New Auditor

S. S. Kothari Mehta & Co. LLP

Resignation Reason

Independence conflict due to Ernst & Young member firms providing non-audit services to holding companies

Auditor Term

Till conclusion of AGM for FY 2026-27

What was announced

The company informed the exchanges that its material subsidiary, Atyati Technologies Private Limited (ATPL), has approved a change in its statutory auditors.

• S.R. Batliboi & Co. LLP resigned as statutory auditor of ATPL with immediate effect, vide letter dated September 28, 2026.
• S. S. Kothari Mehta & Co. LLP has been appointed to fill the casual vacancy, effective September 28, 2026.

Why the auditor resigned

The resignation letter states that ownership of ATPL changed from Geosansar Mauritius Limited to BLS E-Services Limited with effect from July 2, 2026. Certain non-audit services are being provided by other member firms of Ernst & Young Global Limited to BLS E-Services Limited and to BLS International Services Limited, the holding company. Because of this, the firm said it could not continue as statutory auditor under its internal independence requirements.

The auditor recorded that there were no other material reasons for the resignation, and answered "Not Applicable" to the regulatory questions on audit evidence limitations, management-imposed restrictions, or impact on financial statements. Under "any other facts relevant to the resignation", the reply was "None".

Audit status

The outgoing firm had completed the audit of ATPL's financial statements for the year ended March 31, 2026, with its audit report dated June 29, 2026. It had not commenced the audit for the year ending March 31, 2027. It was originally appointed at ATPL's 17th AGM held on September 29, 2022 for a term of 5 years, scheduled to run till the conclusion of the 22nd AGM in 2027. It will file Form ADT-3 as required.

The incoming auditor

• S. S. Kothari Mehta & Co. LLP, based at Okhla Industrial Area, Phase III, New Delhi.
• Experience across audit and assurance, tax and regulatory services, business advisory, accounting and business support, and IT risk advisory.
• Term: from the conclusion of ATPL's Extra-Ordinary General Meeting held on September 28, 2026 till the conclusion of the ensuing Annual General Meeting for FY 2026-27.

How investors may read it

The change is at a subsidiary, not at the listed company itself. The stated reason is an independence conflict arising from group-level non-audit services following the ownership change, rather than a disagreement over accounts or unavailable information. A fresh auditor has already been put in place, so the subsidiary continues to have a statutory auditor without a gap.

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