Board approves internal auditor, additional independent director and Kolkata branch office

Board of Devoted Construction met on 09 October 2026 and approved three items: appointment of M/s. Mahesh Sharma & Associates as Internal Auditor for the financial years 2026–27 to 2030–31 at ₹25,000 per annum plus applicable taxes.

Fri 9 Oct 2026

Internal Auditor Appointment

M/s. Mahesh Sharma & Associates for FY 2026–27 to 2030–31 at ₹25,000 per annum plus applicable taxes

Additional Director Appointed

Mr. Chandrashekhar Singh (DIN: 05131693), Non-Executive Independent, w.e.f. 09 October 2026

Kolkata Branch Office Rent

₹20,000/- per month with effect from 01/10/2026

The board of Devoted Construction Limited met on Friday, 09 October 2026 and approved three items: two appointments and a branch office proposal. Here is what each one says.

Internal auditor appointed

• M/s. Mahesh Sharma & Associates, Chartered Accountants (Firm Registration No. 014330N), has been appointed as the Internal Auditor of the Company for the financial years 2026–27 to 2030–31.
• Professional fee: ₹25,000 per annum plus applicable taxes, on terms and conditions mutually agreed upon.
• The stated rationale is to assist the Company in reviewing and strengthening its internal control systems, risk management processes and operational efficiency, and to support compliance with applicable laws.
• The firm is described as a professionally managed chartered accountancy firm providing audit, taxation, investment advisory, RBI-related matters, legal and secretarial services, accounting and business advisory services.

New additional director

• Mr. Chandrashekhar Singh (DIN: 05131693) has been appointed as an Additional Director in the category of Non-Executive Independent Director with effect from 09 October 2026.
• He holds office as Additional Director up to the date of the ensuing Annual General Meeting, subject to Section 161(1) of the Companies Act, 2013.
• Subject to shareholder approval, his appointment as an Independent Director for a term of five consecutive years has been recommended for approval by the members.
• Profile as given: a serial entrepreneur, AI business coach and motivational speaker, with experience across financial markets, technology, web technology, artificial intelligence, brand communication and media; qualifications include a Master of Computer Applications (MCA), a Bachelor of Laws (LL.B.) from the University of Delhi and a Post Graduate Certificate in Enterprise Management (PGCEM) from IIT Delhi.
• Shareholding in the Company: NIL. He is stated to be not related to any of the existing directors, and the Company confirms, based on his declaration and its verification, that he is not debarred from holding the office of Director by virtue of any SEBI order or any other authority.

Kolkata branch office

• The Board considered and approved in principle the proposal to establish a branch office at 19, N.S. Road, 2nd Floor, Kolkata – 700001, Standard Chartered Bank Building, Kolkata, West Bengal.
• The premises shall be taken on rent at a monthly rental of ₹20,000/- with effect from 01/10/2026.
• The premises are owned by M/s. Dil Developers Private Limited, owned by Mr. Suresh Bohra. The Board noted this is a related party transaction in which Mr. Suresh Bohra is a beneficiary, and directed that applicable provisions of the Companies Act, 2013, including Sections 177 and 188, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including Regulations 23 and 30, be duly complied with.
• Purpose: to facilitate the Company's business operations, development and coordination in Eastern India with Kolkata as its base.
• The Company Secretary has been authorised to execute the necessary documents in this regard.

The board meeting commenced at 02:30 P.M. and concluded at 03:40 P.M.

How to read this

• The internal auditor appointment is a board-level decision covering a five-year period, at the fee stated.
• The additional independent director joins the board with effect from 09 October 2026; his five-year independent director term is subject to approval of the shareholders, and a Form DIR-12 update is to be made with the Registrar of Companies, Delhi.
• The Kolkata branch is an operational step for the eastern region, and the rental arrangement is with a related party, which the Board flagged for the applicable approval and disclosure requirements.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.