The Board of Directors of Deepak Fertilisers And Petrochemicals Corporation Limited, following the recommendation of the Audit Committee, has approved the re-appointment of M/s Ernst & Young, LLP (EY) as the Internal Auditors. This appointment is effective for the upcoming Financial Year 2026-27. The decision was formalized during the Board meeting held on March 26, 2026. EY is highlighted as a global leader in assurance, tax, transaction, and advisory services.
Outcome of the Board Meeting: Auditor Appointment
At its meeting conducted on 26th March, 2026, the Board of Directors of Deepak Fertilisers And Petrochemicals Corporation Limited made a key decision regarding its statutory oversight function. Based on the recommendation received from the Audit Committee, the Board formally approved the re-appointment of the external firm for internal audit responsibilities.
Details of the Re-appointment
The following details summarize the required disclosure pertaining to the re-appointment:
- Particulars: Reason for change, specifically re-appointment.
- Appointee: M/s Ernst & Young, LLP (EY), who will serve as the Internal Auditors of the Company.
- Term: The appointment is effective for the Financial Year 2026-27.
- Appointment Date: The re-appointment was formalized on 26th March 2026.
Profile of the Internal Auditor
Ernst & Young, LLP is described as a Limited Liability Partnership, registered under the Limited Liability Partnership Act, 2008 in India. The firm maintains a global presence and is recognized as a leader across assurance, tax, transaction, and advisory services.
The Board meeting commenced at 11:00 a.m. and concluded at 3:55 p.m. on the date of the announcement.
Source: BSE
