Key Event
M/s. R C CHADDA & CO. LLP, Chartered Accountants (Firm Registration No: 003151N), Statutory Auditors of Bits Limited, have tendered their resignation effective 11th August, 2026.
Resignation Details
- Effective Date: 11th August, 2026
- Reason for Resignation: Pre-occupied assignments requiring substantial time and resources
- Tenure: Initially appointed for five years from FY2018-19 to 2022-23 at AGM held on September 28, 2018. Re-appointed for second term of five years from FY2023-24 to 2027-28 at AGM held on August 06, 2023.
- Scheduled Term Expiry: Conclusion of Annual General Meeting for financial year 2027-28
Recent Submissions
Before resignation, the auditors completed and submitted:
- Audit Report dated 25th May 2026 for Financial Year Ended 31.03.2026
- Limited Review Report dated 24th July, 2026 for Quarter Ended 30.06.2026
Auditor Profile
- Firm Name: R C CHADDA & CO. LLP
- LLP Identification No.: AAB-4836
- Address: A-27, Vivek Vihar, Phase-II, Delhi-110095
- Contact: Mobile 9810124112, 9990614747; Email: rccandco@gmail.com
Financial Impact
Financial impact not quantified in the disclosure.
Governance Process
- Resignation accepted by Board of Directors
- Company will make necessary filings with regulatory authorities
- Auditors will provide professional clearances to incoming statutory auditors
- All statutory formalities under Companies Act, 2013 to be complied with