The appointment is made in terms of Section 138 of The Companies Act, 2013 read with Rule 13 of The Companies (Accounts) Rules, 2014 on the recommendation of the Audit Committee.
Details of Appointment
- Name of Internal Auditor: Devam J. Jayaswal, Chartered Accountants
- Membership Number: 184987
- Reason for Change: Appointment to comply with provisions of Section 138 of The Companies Act, 2013 read with Rule 13 of The Companies (Accounts) Rules, 2014
- Term of Appointment: With effect from 30th May, 2026 to conduct the Internal Audit for the Financial Year 2026-27
Brief Profile of Internal Auditor
Devam J. Jayaswal is a Chartered Accountant with over 11 years of professional experience, including:
- Three years of Articleship with Anil A. Shah & Co.
- 1.5 years with Amar Shah & Associates heading the Assessment Department
- Seven years in independent practice
His expertise encompasses:
- Statutory, tax, internal, and bank audits
- Internal financial control reviews
- Project financing
- Transfer pricing audits
- GST and TDS compliance
- Formation of Section 8 companies
- Income tax registrations
- Various advisory assignments
- Special engagements including labour law audits, stock verification, cost analysis, and implementation of internal control systems
Financial Impact
Financial impact not quantified in the disclosure.