Change in Statutory Auditors – Suyog Urja Limited

Outgoing Auditor

Name of the Resigning Firm: M/s. Nikunj Raichura & Associates

Firm Registration Number (FRN): 158531W

Reason for Resignation:

The resignation was tendered pursuant to a request received from the Company via its communication dated November 2, 2026. This request was consequent to a recent change in management and the company's decision to align its audit and financial reporting framework with that of its parent company (Enviro Infra Engineers Limited) and the larger group. The management proposed appointing the existing Group Auditor of the parent company to facilitate greater synergy in the audit approach, uniformity in accounting practices, and efficient consolidation of financial statements.

Effective Date of Resignation: November 4, 2026

Date of Resignation Letter: November 4, 2026

Duration in Role:

The firm was appointed as Statutory Auditor on September 30, 2025. The term was scheduled for 5 consecutive years, from FY 2025-26 until the conclusion of the Annual General Meeting to be held in FY 2030-31.

Board’s Acknowledgment / Statement:

The Audit Committee of Suyog Urja Limited and the Audit Committee of Enviro Infra Engineers Limited, in their respective meetings held on November 5, 2026, took note of the resignation. They noted that the statutory auditors had not raised any concerns in relation to their resignation.

Regulatory Compliance Statement (SEBI LODR, Circulars):

The disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Master Circular dated January 30, 2026.

Delay in Disclosure (if applicable): Not Specified

Incoming Auditor

Name of the New Audit Firm: Not Specified in the provided data. The document only states the company's intent to appoint the existing Group Auditor of the parent company.

Term of Appointment and Validity: Not Specified

Interim Appointment or Subject to Shareholder Approval: Not Specified

Qualifications or Professional Standing: Not Specified

Financial Implications

Not Specified

Board / Committee Meeting Details

Date and Name of the Meeting: The Audit Committee of Suyog Urja Limited and the Audit Committee of Enviro Infra Engineers Limited held meetings on November 5, 2026.

Resolutions or Approvals: The committees took note of the resignation and the disclosure made by the statutory auditors.

Annexures / Firm Profiles

Summary of Outgoing Audit Firm’s Details:

  • Firm Name: Nikunj Raichura & Associates
  • FRN: 158531W
  • Address: 2nd Floor, Office No. 203, Hub Town Solaris, Teli Gali Cross Road, Landmark Big Boy Toys, Andheri East, Mumbai, Maharashtra 400069
  • Proprietor: Nikunj Raichura (Membership No.: 180493)

Latest Work Submitted: A limited review report for the quarter and half year ended September 30, 2026, was issued on November 3, 2026.

Any Declarations or Eligibility Confirmations:

The outgoing auditor provided a declaration confirming that the information in their resignation letter and attachments is correct and complete. They also confirmed there is no other material reason for the resignation beyond the management's request for alignment.

Other Corporate Information

Not Specified