Deloitte Ceases as Rashi Peripherals Statutory Auditor After VDA Infosolutions Stake

Deloitte Haskins & Sells LLP ceased to hold office as joint statutory auditor of Rashi Peripherals, the company disclosed to BSE and NSE on October 17, 2026. The firm became ineligible under Section 141(3)(e) of the Companies Act, 2013 after Rashi Peripherals acquired a controlling ownership interest in VDA Infosolutions Private Limited, ScanX reported.

Deloitte's Exit and the VDA Infosolutions Stake

Deloitte cited a business relationship with the acquiree as the reason for its disqualification, according to the disclosure. The cessation also applies to Rashi Peripherals' wholly owned subsidiary, Rashi Semiconductor Solutions Private Limited, where Deloitte has ceased as statutory auditor for the same reasons. The company communicated the change through a letter dated October 16, 2026, and disclosed it under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Deloitte had been appointed at the 37th Annual General Meeting on September 9, 2026, with a term running until the conclusion of the 42nd Annual General Meeting. The firm confirmed there were no other material reasons for the resignation beyond the specified ineligibility. Before ceasing, Deloitte submitted the audit report for the financial year ended March 31, 2026, and the limited review report for the quarter ended June 30, 2026, and reported no concerns regarding audit evidence or management limitations.

Pipara & Co. LLP remains in office as the other joint statutory auditor for its remaining tenure. The company said it has initiated the process of identifying suitable reputed firms to fill the casual vacancy created by Deloitte's exit, and that necessary disclosures will be made to the stock exchanges once the appointment process is complete.

Earlier Rashi Peripherals Disclosures

Rashi Peripherals declared a ₹2 per share final dividend for FY26 at its September 9, 2026 AGM, where shareholders also adopted FY26 financials, reappointed Deloitte Haskins & Sells as auditors, and authorized enhanced borrowing limits and asset charges, ScanX reported. On August 25, 2026, ScanX reported that the company accepted Independent Director Anil Khandelwal's resignation effective August 24, 2026, citing governance lapses including undisclosed due-diligence assignments linked to two Independent Directors and management prerogative over director selection and compensation. VCCircle reported on June 24, 2026 that Rashi Peripherals acquired a 67% stake in VDA Infosolutions for Rs 368.5 crore.

Auditor Changes Across the Sector

Wolters Kluwer appointed Alberto de Benito Aznar as General Manager of Audit & Assurance, returning him from Corporate Tax, citybiz reported on October 14, 2026. Dolat Algotech appointed Vijay Mehta & Co as statutory auditors for FY27-FY31 and named Vijayatta Jaiswal as independent director effective November 1, 2026, ScanX reported on October 8, 2026. Syschem (India) Limited's board noted members' approval for swapping MD and WTD roles and appointing M/s Bansal Vijay & Associates as auditors for five years, effective September 30, 2026, ScanX reported on October 8, 2026.