Davin Sons Retail Ltd Reappoints Auditors and Restructures Audit Committee
Davin Sons Retail Ltd announced significant changes following a meeting of its Board of Directors held on June 5, 2026. The decisions included the re-appointment of an internal auditor and the reconstitution of the company's Audit Committee.The Board also addressed matters related to the delay in submitting audited financial results for the quarter and year ended March 31, 2026.
Reappointment of Internal Auditor
M/s N.K. Mittal & Associates (Chartered Accountants) was re-appointed as the Internal Auditor of Davin Sons Retail Ltd for the Financial Year 2026-27. The appointment was made on June 05, 2026.The firm responsible for the auditing is M/s N.K. Mittal & Associates (Chartered Accountants) with FRN No. 113281W and membership number 190961. The firm is registered with the Institute of Chartered Accountants of India in Mumbai. Partners at the firm possess varied experience across Taxation Law matters, Auditing, Internal Audit, and Risk Management.
Details regarding the appointment and the auditors are provided below:
| Detail | Information |
|---|---|
| Name of Internal Auditor | M/s N.K. Mittal & Associates (Chartered Accountants) |
| Nature of Event | Re Appointment as Internal Auditors |
| Term of Appointment | Financial Year 2026-27 |
Audit Committee Restructuring
The Board reviewed and approved the reconstitution of the company's Audit Committee, which comes into immediate effect. The changes involve revisions to the designations of key members within the committee structure.The prior composition and subsequent designations are summarized in the table below:
| Director Name | Category | Previous Designation | Revised Designation |
|---|---|---|---|
| Ms Saloni Mehra | Non-Executive Independent Director | Member | Chairperson |
| Ms Sapna | Non-Executive Independent Director | Chairperson | Member |
| Mr Mohit Arora | Managing Director | Member | Member |
The Audit Committee now comprises Ms Saloni Mehra as Chairperson, alongside Ms Sapna and Mr Mohit Arora as Members.
Stock Price Movement
Davin Sons Retail Ltd shares settled at ₹38.03 at the close of trade today, surging 19.40%. The stock tested its intraday high of ₹38.22 after finding a floor near ₹33.00 during trading hours.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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