Announced Tue, 11 Aug · 16:36 IST
Statutory Auditor R C Chadda & Co. LLP Resigns Mid-Term
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.5%1-day move
₹7.34
prior close
₹7.31
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
——-1.0+0.8+0.5+1.2+1.6-0.3-3.5-2.0————
Up moveDown movePending
AI summary
Bits Limited informed BSE that its statutory auditor R C Chadda & Co. LLP resigned effective 11 August 2026 due to pre-occupied assignments needing substantial time. The auditor had completed the FY26 annual audit and Q1 FY27 limited review before stepping down. Their term was scheduled to run until the AGM for FY28, making this a mid-term exit. No concerns or management-imposed limitations were flagged in the disclosure.
Likely market impact
Company must appoint a new statutory auditor soon. Reason cited is workload, not governance issues, so impact appears limited but watch for any further disclosures.