Regaal Resources reappoints M/s. KASG & Co as internal auditor for FY27

Regaal Resources Limited has reappointed M/s. KASG & Co, Chartered Accountants, as its internal auditor for the financial year 2026-27. The Board of Directors approved the reappointment on May 27, 2026, following a recommendation from the Audit Committee. The firm will oversee the internal audit function for the upcoming fiscal year.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced the SEBI Master Circular dated January 30, 2026, regarding the disclosure requirements.

M/s. KASG & Co is an established firm with over four decades of experience in audit, taxation, and advisory services. The firm holds an ICAI Firm Registration Number 002228C and is empaneled with the Comptroller and Auditor General (C&AG) and the Reserve Bank of India.

The firm's expertise spans statutory, internal, and concurrent audits, along with GST advisory, Ind AS, forensic audit, and management consultancy. Its service experience covers the banking, mining, power, manufacturing, and education sectors.

The following table details the specifics of the reappointment:

Sr No	Particulars	Details
1.	Reason for change	Re-appointment
2.	Date of appointment & term	May 27, 2026; for Financial Year 2026-2027
3.	Brief profile	KASG & Co., Chartered Accountants (ICAI Firm Reg. No.002228C), established in 1984. Empaneled with C&AG (ER0069) and RBI (Code 050001). Services include statutory, internal and concurrent audits, GST advisory, Ind AS, forensic audit, and management consultancy.
4.	Disclosure of relationships	Not Applicable

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.99%	+8.73%	-1.00%	+6.52%	-34.47%	-34.47%

Regaal Resources Limited has informed the exchanges that the GST Appellate Authority has set aside the entire demand of Rs 2,17,33,500 raised against the company. The final order, dated May 21, 2026, was issued by the Office of the Additional Commissioner of State Tax (Appeals), Purnea, Bihar.

The dispute pertained to the financial year 2021-22, specifically the period from April 2021 to March 2022. The original demand included a tax component of Rs 1,22,21,214, interest of Rs 82,49,319, and a penalty of Rs 12,62,967. The appellate authority has quashed the entire demand, stating that no liability survives against the company in this matter.

Breakdown of Demand Set Aside

Component	Amount (Rs)
Tax	1,22,21,214
Interest	82,49,319
Penalty	12,62,967
Total	2,17,33,500

The company confirmed that there is no financial impact resulting from this order. As the entire demand has been cancelled, no amount is payable by the company. The disclosure was made to the stock exchanges as a matter of abundant caution and transparency under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

This development concludes the proceedings related to the demand order received earlier by the company. With the final order quashing the demand, the company's financial operations remain unaffected by the earlier claims.