Devoted Construction: New Auditor, Director, Kolkata Branch Approved
Devoted Construction Ltd's Board of Directors, at its meeting on October 9, 2026, approved several key initiatives. The company appointed M/s. Mahesh Sharma & Associates as its Internal Auditor for FY2026-27 to FY2030-31, with an annual fee of ₹225,000. Additionally, Mr. Chandrashekhar Singh was appointed as an Additional Non-Executive Independent Director, effective October 9, 2026. The Board also gave in-principle approval for establishing a new branch office in Kolkata at 19, N.S. Road, 2nd Floor, for a monthly rent of ₹20,000, starting October 1, 2026. The company noted that the premises are owned by a related party, Mr. Suresh Bohra, and confirmed compliance with applicable regulations for this transaction.
Key Highlights
- Internal Auditor appointed for FY2026-31 at ₹2.25 Lacs/annum.
- Mr. Chandrashekhar Singh appointed as Independent Director.
- Kolkata branch office approved, rent ₹20,000/month.
- Kolkata branch involves a related party transaction.
Price Impact
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