In an important corporate update, Deepak Builders & Engineers India Limited has announced the appointment of M/s KR Aggarwal & Associates, a renowned auditing and consulting firm, as the company's new internal auditors. This decision was made during the Board of Directors' meeting on 16th December 2024, marking a significant move in the company's commitment to maintaining robust internal controls and financial transparency.

M/s KR Aggarwal & Associates is a well-established Chartered Accountants firm based in Ludhiana, Punjab. Founded in 2016, the firm has built a strong reputation in the fields of auditing, taxation, valuations, and consulting services. With a team of highly qualified professionals, M/s KR Aggarwal & Associates is well-equipped to manage the complex internal auditing functions for a growing company like Deepak Builders.

The appointment comes under the framework of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates listed companies to inform the stock exchanges about any significant developments such as the appointment or removal of internal auditors. This move is part of the company's ongoing efforts to strengthen its governance processes and ensure compliance with SEBI regulations.

This development highlights Deepak Builders' commitment to aligning with best practices in corporate governance and audit functions, which is critical for fostering trust with shareholders and investors. The company's decision to work with a professional and trusted firm like KR Aggarwal & Associates will further enhance its financial and operational integrity.

In conclusion, Deepak Builders is taking proactive steps to ensure sound corporate governance through the appointment of internal auditors, reflecting their strong commitment to transparency and accountability. As companies continue to expand, these strategic appointments play an essential role in their continued success.

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