Suraksha Diagnostic Limited has informed stock exchanges about a structural change in its statutory auditor's organization. The company's auditor, M S K A & Associates, has converted to a Limited Liability Partnership (LLP) structure effective January 13, 2026.

Auditor Conversion Details

The statutory auditor has transitioned from M S K A & Associates to M S K A & Associates LLP under the provisions of the Limited Liability Partnership Act, 2008. This conversion represents a change in the firm's legal structure while maintaining its core audit services.

Audit Continuity Maintained

Suraksha Diagnostic has confirmed that the conversion does not impact the continuity of the audit assignment or alter the scope of audit services. The company received formal notification from the auditor on January 16, 2026, regarding this structural change.

The auditor's communication emphasized that despite the name change and legal structure conversion, all existing audit arrangements remain intact. This ensures seamless continuation of statutory audit functions without any disruption to the company's compliance requirements.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both BSE Limited and The National Stock Exchange of India Limited about this change. The notification includes the auditor's formal intimation letter as supporting documentation for regulatory records.

M S K A & Associates LLP operates from multiple locations across India, with its registered office in Mumbai and operational presence in cities including Kolkata, where the communication to Suraksha Diagnostic originated. The firm continues to provide chartered accountancy services under its new LLP structure while maintaining its established client relationships and service standards.

Nearly a decade after thousands of homebuyers were left stranded following stalled construction at Jaypee Wish Town, Suraksha Group has announced the completion of 5,989 residential units across 63 towers, offering incremental relief to more than 20,000 buyers awaiting possession. The company, which took control of Jaypee Infratech Limited in 2024 after one of India's most closely watched real estate insolvency resolutions, has received Occupancy Certificates for 31 towers and applied for OCs for another 32 towers.

Major Construction Milestone Achieved

Suraksha Group has successfully completed construction across multiple residential projects within the Wish Town township located along the Noida–Greater Noida Expressway. The company expects approvals for the pending towers over the next couple of months, which will enable further handovers to waiting homebuyers.

Occupancy Certificates Received for 31 Towers

The company has received Occupancy Certificates for 31 towers spread across four residential projects within Wish Town, covering 3,135 units. With these approvals, eligible homebuyers can now proceed towards possession, registration and handover.

Additional Approvals in Pipeline

Suraksha Group has applied for Occupancy Certificates for 32 more towers across Kosmos, Klassic, Kensington Boulevard Apartments, Kensington Park Apartments, Kensington Park Heights and Pebble Court, covering 2,854 units. The company stated that regulatory approvals for these towers are expected over the next few months, which would further accelerate deliveries under the resolution framework.

Background of the Jaypee Wish Town Case

Jaypee Wish Town became a flashpoint in India's real estate crisis after construction halted several years ago, leaving more than 20,000 homebuyers uncertain about delivery timelines despite having invested their life savings. The project evolved into one of the largest cases under the Insolvency and Bankruptcy Code, with homebuyers recognised as financial creditors. Suraksha Group's takeover of Jaypee Infratech in 2024 marked a turning point, with the new management committing to complete the stalled projects under a court-approved resolution plan.

Management Commentary on Progress

Jash Panchamia, Executive Director of Jaypee Infratech Limited, commented on the sustained execution momentum despite regulatory challenges. He noted that despite restrictions imposed on construction activities due to GRAP rules during winter months, the company remains committed to fulfilling customer expectations and delivering as per the timeline outlined in the resolution plan. Panchamia emphasized that construction is progressing at full pace for the remaining towers, with confidence in delivering them in line with the resolution plan.

Significance for Real Estate Sector

The latest construction milestone is being viewed as a gradual but tangible step towards restoring confidence among affected buyers. Market participants noted that sustained progress on approvals and handovers will be crucial to rebuilding trust in one of India's most troubled real estate developments. With nearly 6,000 units now constructed and a pipeline of approvals underway, the gradual resumption of deliveries is expected to serve as a test case for the effectiveness of the IBC framework in resolving large-scale housing distress.