Rashi Peripherals544119Auditor resignation (mid
Deloitte Haskins & Sells ceases as joint statutory auditor; other joint auditor continues
Deloitte Haskins & Sells LLP has ceased to be Joint Statutory Auditor of the company, and also as auditor of its wholly owned subsidiary Rashi Semiconductor Solutions.
By ScoutQuest · · 2 min read
- Auditor ceasing office
- Deloitte Haskins & Sells LLP has ceased to be Joint Statutory Auditor
- Stated reason
- no longer eligible under section 141(3)(e) of the Companies Act, 2013
- Continuing joint auditor
- M/s. Pipara & Co. LLP, the other joint auditor, continues in office for its remaining tenure
Who has stepped down
- Deloitte Haskins & Sells LLP was one of the two Joint Statutory Auditors of the company. It has ceased to hold that office.
- It has also ceased as Statutory Auditor of Rashi Semiconductor Solutions Private Limited, the company's wholly owned subsidiary.
Why the office ceased
- The firm states it is no longer eligible under section 141(3)(e) of the Companies Act, 2013.
- The stated trigger is the company's recent acquisition of a controlling ownership interest in VDA Infosolutions Private Limited, referred to as the acquiree.
- Because of a business relationship with that acquiree, the firm says it cannot continue as auditor.
Tenure and reports, as stated in the annexure
- Appointed at the 37th Annual General Meeting held on September 9, 2026, Deloitte was to hold office till the conclusion of the 42nd Annual General Meeting, i.e. up to the financial year ending March 31, 2031.
- Its latest audit work was the audit of the financial statements for the year ended March 31, 2026, with the audit report dated May 14, 2026, and the limited review for the quarter ended June 30, 2026, with the report dated August 4, 2026.
What continues
- M/s. Pipara & Co. LLP, the other Joint Statutory Auditor, continues in office for its remaining tenure.
- The company says it has initiated the process of identifying suitable reputed firms to fill this casual vacancy and will disclose the appointment to the exchanges once it is done.
What the auditor's annexure records
- Against detailed reasons for resignation, the update refers back to the cessation letter dated October 16, 2026.
- Against concerns, if any, and efforts made before stepping down by approaching the Audit Committee or Board: None.
- Against information requested but not provided by the company: Not applicable.
- Against any other facts relevant to the resignation: None.
- The firm declares that there is no other material reason for the cessation beyond what is stated.
How to read this
- This is a mid-tenure exit of one auditor from a joint audit, but the reason given is a technical ineligibility created by an acquisition, not a disagreement over accounts or a finding of concern.
- The other joint auditor continues, and the company has said it is looking for a replacement firm.
- The auditor's own declaration records none as other material reason or concern.
- The audit work already completed for the year ended March 31, 2026 and the quarter ended June 30, 2026 stands as reported in the update.
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More numbers
- Annual General Meeting at which Deloitte was appointed37th Annual General Meeting
- Annual General Meeting till which Deloitte's term was scheduled to run42nd Annual General Meeting
Source: BSE · 17 Oct 2026
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