Elegant Floriculture appoints SCS & CO. LLP as secretarial auditor for FY26
Elegant Floriculture & Agrotech (India) Ltd replaced its secretarial auditor for FY26 due to operational relocation. N. Bagaria & Associates resigned on August 17, 2026, after the company moved operations from Mumbai to Ahmedabad. The board appointed M/s. SCS & CO. LLP, an Ahmedabad-based firm, on August 18, 2026, ensuring local compliance support.

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Elegant Floriculture & Agrotech (India) elegant floriculture & ag has appointed M/s. SCS & CO. LLP as its secretarial auditor for the financial year 2025-26. The Board of Directors approved the appointment during a meeting held on August 18, 2026, replacing the outgoing firm of N. Bagaria & Associates.
The change in auditors stems from the company's strategic shift in operational geography. N. Bagaria & Associates, based in Mumbai, tendered its resignation effective August 17, 2026, citing the company's relocation of operations from Mumbai to Ahmedabad. This geographic mismatch prompted the search for a local audit partner to facilitate compliance and oversight.
Auditor Transition Details
The outgoing auditors, N. Bagaria & Associates, served as the secretarial auditor for a term commencing with FY26. Their resignation was formalized on August 17, 2026, with immediate effect. The board subsequently moved to secure a replacement based in Ahmedabad to align with the new operational hub.
| Particulars | Details |
|---|---|
| Outgoing Auditor | N. Bagaria & Associates |
| Reason for Resignation | Relocation of operations from Mumbai to Ahmedabad |
| Date of Cessation | August 17, 2026 |
| Incoming Auditor | M/s. SCS & CO. LLP |
| Location | Ahmedabad |
| Appointment Date | August 18, 2026 |
| Term | Financial Year 2025-26 |
M/s. SCS & CO. LLP is an Ahmedabad-based firm led by Partner Mr. Abhishek Chhajed. With over 11 years of professional experience, Mr. Chhajed specializes in secretarial compliance for listed and unlisted companies under Company Laws, SEBI Listing Regulations, and RBI guidelines. The firm holds Firm Registration No. L2020GJ008700 and Peer Review No. 1677/2022.
Regulatory Compliance
The company disclosed these developments pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also references the SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, regarding the appointment and resignation of secretarial auditors. The board meeting commenced at 1:00 pm and concluded at 1:30 pm.
Historical Stock Returns for Elegant Floriculture & Ag
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +0.79% | -0.39% | +7.11% | -37.25% | +77.16% |
How might the operational relocation to Ahmedabad impact Elegant Floriculture's cost structure and supply chain efficiency in the coming fiscal year?
What specific strategic advantages does the Gujarat market offer that justify the company's shift from Mumbai as its primary operational hub?
Are there any pending compliance issues or regulatory observations from the outgoing auditor, N. Bagaria & Associates, that the new firm needs to address immediately?


































