Deep Health AI India Ltd submitted a revised audit report for the financial year ended March 31, 2026, to the BSE. The revision incorporates the names of entities covered under the Consolidated Financial Statements, which were inadvertently omitted in the previous filing. The company clarified that there is no change in the audited standalone and consolidated financial results as a result of this update.

The Board of Directors had approved the audited standalone and consolidated financial results at its meeting held on May 29, 2026. The subsequent observation regarding the omission of entity names in the Auditor's Report prompted the filing of the revised document. The company stated that the omission was purely inadvertent and does not impact the financial results or the audit opinion.

The independent auditor, VRSK & Co. LLP, highlighted two key audit matters in the report. The first concerned accounting implications arising from a proposed acquisition of Oasis Ceramics Pvt. Ltd. under the Insolvency and Bankruptcy Code, 2016. The company recognised an exceptional loss related to the amount paid and a bank guarantee of ₹3.21 crore that was invoked due to delays in payment timelines.

The second key audit matter addressed the utilization of proceeds from a Rights Issue. The company raised ₹39.97 crore during the year but utilised only ₹2.5 crore towards the objects stated in the Letter of Offer. The balance amount of ₹37.47 crore was utilised for other purposes, primarily investment in securities, a deviation that was ratified by shareholders on January 22, 2026.

Utilization of Rights Issue Proceeds

The auditor affirmed that the internal financial controls over financial reporting were adequate and operating effectively as of March 31, 2026. The revised report was signed by Suresh G. Kothari, Partner at VRSK & Co. LLP, on May 29, 2026.

Deep Health AI India Ltd has scheduled an Extraordinary General Meeting (EGM) on July 30, 2026, via video conferencing to seek shareholder approval for the appointment of two independent directors. The meeting will be held at 3:00 PM IST. Shareholders can participate and vote through remote e-voting, which commences at 9:00 AM on July 27, 2026, and concludes at 5:00 PM on July 29, 2026. The cut-off date for determining eligibility is July 23, 2026.

The board approved the draft notice for the EGM during a meeting held on July 02, 2026. The regulatory filing was submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements), 2015. The company, formerly known as Deep Diamond India Limited, is headquartered at 506-509 fifth floor, Apeksha, Plot No. 256, Main Road, Hiran Magri, Sector 11, Udaipur. The filing was signed by Managing Director Narayan Singh Rathore.

Proposed Appointments

The special business includes the appointment of Mr. Bhupesh Swami (DIN: 07999261) and Mrs. Shashi Kala Dhabriya (DIN: 11611776) as Non-Executive Independent Directors. Mr. Bhupesh Swami was appointed as an Additional Director w.e.f. July 02, 2026, and his tenure, if approved, will be for two consecutive years from July 02, 2026 to July 01, 2028. Mrs. Shashi Kala Dhabriya was appointed as an Additional Director w.e.f. March 20, 2026, and her tenure, if approved, will be for five consecutive years from March 20, 2026 to March 19, 2031.

Meeting Details

Members wishing to ask questions during the EGM must register as a speaker by sending a request from their registered email address to deephealthaiindia@gmail.com by July 23, 2026, at 5:00 PM IST. Mr. Ronak Jhuthawat, Sole Proprietor of M/s. Ronak Jhuthawat & Co, has been appointed as the Scrutinizer for the remote e-voting process.