Deccan Gold Mines Re-appoints M/s. GHS Gupta & Co as Internal Auditor for FY 2026-27
Deccan Gold Mines Limited re-appointed M/s. GHS Gupta & Co, Chartered Accountants (FRN: 013201S), as its Internal Auditor for FY 2026-27 at a Board meeting held on May 14, 2026. The Board meeting commenced at 03:35 p.m. (IST) and concluded at 04:15 p.m. (IST). The disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. No relationship between the firm and the company's Directors or Key Managerial Personnel was disclosed.
*this image is generated using AI for illustrative purposes only.
Deccan Gold Mines Limited has informed the stock exchanges of the re-appointment of M/s. GHS Gupta & Co, Chartered Accountants (FRN: 013201S), as Internal Auditor of the company for the financial year 2026-27. The Board of Directors approved this re-appointment at its meeting held on May 14, 2026, in accordance with Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Board Meeting Details
The Board of Directors' meeting was convened at the company's corporate office at No 77, 16th Cross, Sector-IV, HSR Layout, Bengaluru - 560 102. The meeting commenced at 03:35 p.m. (IST) and concluded at 04:15 p.m. (IST) on May 14, 2026. The disclosure was filed in compliance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Re-appointment Details
The key details of the re-appointment, as disclosed under Regulation 30 of the Listing Regulations, are summarised below:
| Parameter: | Details |
|---|---|
| Firm Name: | M/s. GHS Gupta & Co, Chartered Accountants |
| Firm Registration Number: | FRN: 013201S |
| Reason for Change: | Re-appointment |
| Date of Re-appointment: | May 14, 2026 |
| Term of Re-appointment: | Financial Year 2026-27 |
| Relationship with Directors/KMP: | Not applicable |
Profile of M/s. GHS Gupta & Co
M/s. GHS Gupta & Co brings several years of experience in handling internal audit assignments for companies across multiple sectors. The firm has been engaged with diverse clients in both the manufacturing and service sectors. Its service offerings encompass a full range of professional services, including:
- Audit & Assurance
- Direct and indirect tax
- Due diligence
- Other value-add and support services
The re-appointment disclosure was signed by Subramaniam S., Company Secretary & Compliance Officer of Deccan Gold Mines Limited, and submitted to the Corporate Relationship Department of BSE Limited.
Historical Stock Returns for Deccan Gold Mines
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.32% | +17.96% | +21.38% | +18.86% | +18.86% | +18.86% |
How might the continuity of GHS Gupta & Co as internal auditor impact Deccan Gold Mines' compliance posture ahead of any planned mining expansion or regulatory reviews in FY2026-27?
Given Deccan Gold Mines' focus on gold exploration, are there any upcoming project milestones or capital raises that could intensify scrutiny of the company's internal audit framework?
Could the re-appointment of the same internal auditor raise concerns about auditor independence, and how might institutional investors or SEBI respond to prolonged engagements with the same firm?
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