DLF re-appoints Sanjay Gupta & Associates as Cost Auditors for FY27

DLF Limited has re-appointed Sanjay Gupta & Associates as its Cost Auditors for the Financial Year 2026-27, ensuring continuity in regulatory compliance and financial oversight for the upcoming fiscal period. The decision was taken by the Board of Directors during a meeting held on August 3, 2026, following a formal recommendation from the company’s Audit Committee. This appointment underscores dlf 's commitment to maintaining rigorous cost accounting standards in line with statutory requirements.

The board meeting commenced at 14:00 hrs and concluded at 16:00 hrs on Monday, August 3, 2026. During the session, directors considered and approved the re-appointment based on the firm’s established track record and specialized expertise in cost auditing. The move aligns with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, updated on January 30, 2026.

Auditor Profile and Expertise

Sanjay Gupta & Associates, holding Firm Registration Number (FRN) 000212, is recognized as a leading Costing and Financial Consultancy/Audit Firm in India. The firm maintains offices in Delhi, Gurugram, Mumbai, and Bengaluru, providing extensive coverage across key business hubs. It specializes in a diverse range of services including Cost Audits, Management Audits, Regulatory Audits, Stock Audits, Indirect Taxation, Revenue Assurance Audits, Process Audits, Accounting Separation Audits, Internal Investigations, and System Development.

Service Area	Specialization Details
Core Audits	Cost Audits, Management Audits, Regulatory Audits
Compliance	Stock Audits, Indirect Taxation, Revenue Assurance
Advisory	Corporate Advisor to Management, Internal Investigations
Industry Focus	Real Estate, Power, Manufacturing, Telecom, Automobile

The firm serves clients across multiple sectors, including Power, Manufacturing, Real Estate and Construction, Telecom, Automobile, Oil & Gas, Chemicals, and other industries. Its role extends beyond compliance, acting as a Corporate Advisor to management to provide value-added insights.

Regulatory Disclosures

In accordance with SEBI regulations, DLF Limited has disclosed all requisite details regarding the appointment. The disclosure confirms that there are no relationships between the directors and the appointed cost auditors that would impact independence or objectivity. The term of appointment covers the entire Financial Year 2026-27, beginning from April 1, 2026.

What This Means for Stakeholders

The re-appointment of Sanjay Gupta & Associates ensures stability in DLF’s audit framework, which is critical for a real estate major undergoing significant development and operational scaling. Consistent auditor tenure allows for deeper institutional knowledge and more effective monitoring of cost structures across large-scale projects. For investors, this signals adherence to governance best practices and transparent financial reporting mechanisms required by Indian securities regulators. The absence of any change in audit leadership reduces transition risks and supports uninterrupted regulatory compliance for FY27.