BITS Limited’s Board of Directors convened and approved several key resolutions, including the appointment of M/S P R P A & COMPANY LLP as new Statutory Auditors and the alteration of the Company’s Memorandum of Association. The Board also fixed the date for the 34th Annual General Meeting (AGM) on Sunday, September 27, 2026, and established the e-voting period. Additionally, the draft Director’s Report for FY 2025-26 was approved.
BITS Limited Board Meeting Outcomes
The Board of Directors of BITS Limited met on August 27, 2026, and passed several significant resolutions. A primary decision was the appointment of M/S P R P A & COMPANY LLP as the new Statutory Auditors, subject to shareholder approval. This appointment addresses a casual vacancy created by the resignation of the previous auditors, M/s. R C CHADDHA & CO.
Further, the Board approved an alteration to the Objects Clause of the Memorandum of Association (MOA) of the Company. This change will also require shareholder and necessary statutory approvals. The specific proposed amendments to the MOA detail expanded business activities, particularly in manufacturing, trading, and service provision for industrial, engineering, agricultural, electrical, and electronic components and equipment.
34th Annual General Meeting Scheduled
The Board has fixed Sunday, September 27, 2026, as the date for the 34th Annual General Meeting (AGM). The meeting will commence at 02:30 PM and will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The Notice and Agenda for this AGM, detailing Ordinary and Special Businesses to be transacted, have also been approved.
In conjunction with the AGM, the Company announced that the Register of Members and Share Transfer Books will remain closed from September 21, 2026, to September 27, 2026 (both days inclusive). This closure is for the purpose of the AGM, as per Section 91 of the Companies Act, 2013, and SEBI Listing Regulations.
E-Voting and Director’s Report Approved
The e-voting facility for the AGM will be available from 09:00 AM on Thursday, September 24, 2026, until 05:00 PM on Saturday, September 26, 2026. The draft Director’s Report for the Financial Year 2025-26, along with its annexures, has been approved by the Board. Additionally, Ms. Pritika Nagi of M/s. Pritika Nagi & Associates has been appointed as the Scrutinizer for the e-Voting process.
Source: BSE
