Bits Ltd (526709)
📢 Recent Corporate Announcements
Bits Ltd has completed the dispatch of the Notice for its 34th Annual General Meeting (AGM) along with the Annual Report for FY 2025-26 on September 4, 2026. The documents were sent to shareholders whose names appeared in the register of members as of the cut-off date, August 28, 2026. This is a standard annual regulatory compliance procedure under SEBI LODR Regulations.
- Completed dispatch of 34th AGM Notice and Annual Report for FY 2025-26 on September 4, 2026
- Shareholder list determined as of record/beneficial ownership date August 28, 2026
- Filing made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
Bits Ltd's Board approved altering its Memorandum of Association (MoA) to expand business objects into manufacturing and trading of industrial machinery, engineering products, and electronic components. The company also appointed M/s P R P A & COMPANY LLP as Statutory Auditors to fill a casual vacancy arising from the resignation of M/s R C CHADDHA & CO., subject to shareholder approval. The 34th AGM is scheduled for September 27, 2026, with e-voting running from September 24 to September 26, 2026. This potential diversification comes as the company generates Rs 2 Cr in TTM revenue on a market cap of Rs 74 Cr.
- Approved alteration of Objects Clause III(A) to add sub-clauses 9 and 10 covering industrial machinery, plant equipment, and electrical/electronic components.
- Appointed M/s P R P A & COMPANY LLP (FRN: N500344) as Statutory Auditor from the 34th AGM until the conclusion of the 39th AGM.
- Auditor appointment fills casual vacancy caused by the resignation of existing auditor M/s R C CHADDHA & CO.
- Scheduled 34th Annual General Meeting for September 27, 2026; e-voting active from September 24 to September 26, 2026.
Bits Ltd has approved the appointment of M/s P R P A & COMPANY LLP as Statutory Auditors to fill a casual vacancy caused by the resignation of M/s R C Chaddha & Co. The appointment covers a 5-year tenure from the 34th AGM to the 39th AGM, subject to shareholder approval. Additionally, the company approved amending its Memorandum of Association (MoA) to expand business objects into industrial machinery, automation, and electrical/electronic components trading and manufacturing. The 34th AGM is scheduled for September 27, 2026.
- Appointed M/s P R P A & COMPANY LLP (FRN: N500344) as Statutory Auditors to fill casual vacancy
- Auditor tenure proposed from 34th AGM until the conclusion of the 39th AGM
- MoA Clause III amended to add sub-clauses 9 & 10 for machinery and electronic components business
- 34th Annual General Meeting fixed for September 27, 2026 via VC/OAVM
- E-voting period scheduled from September 24, 2026 (9:00 AM) to September 26, 2026 (5:00 PM)
Bits Ltd has announced its 34th Annual General Meeting (AGM) scheduled for September 27, 2026, via video conferencing. The Board approved the appointment of M/s P R P A & COMPANY LLP as Statutory Auditors to fill a casual vacancy caused by the resignation of M/s R C Chaddha & Co. Additionally, the company proposed altering its Memorandum of Association (MoA) to include manufacturing and trading of industrial, engineering, and electrical machinery/components. Book closure is set from September 21, 2026, to September 27, 2026, with e-voting running from September 24 to September 26, 2026.
- 34th Annual General Meeting fixed for Sunday, September 27, 2026 at 02:30 PM IST via VC/OAVM
- Appointed M/s P R P A & COMPANY LLP as Statutory Auditors from 34th AGM until the 39th AGM subject to shareholder approval
- Proposed alteration of MoA Objects Clause to add manufacturing and trading of industrial, electrical, and engineering components
- Book closure fixed from September 21, 2026 to September 27, 2026; e-voting active from September 24 (9:00 AM) to September 26, 2026 (5:00 PM)
Bits Ltd's statutory auditor, M/s. R C Chadda & Co. LLP, has resigned effective August 11, 2026, citing preoccupation with other assignments. The auditor was in the middle of a five-year term that was scheduled to continue until the 2028 Annual General Meeting. The firm has completed the audit for FY26 and the limited review for the quarter ended June 30, 2026, before stepping down. This governance change occurs in a micro-cap company with a high P/E of 105.7 and a small TTM revenue base of ₹1 Cr.
- Statutory auditor R C Chadda & Co. LLP resigned effective August 11, 2026.
- The auditor was re-appointed in August 2023 for a 5-year term ending in 2028.
- Audit for FY26 was completed on May 25, 2026, and Q1 FY27 review on July 24, 2026.
- The company reported a TTM revenue of ₹1 Cr against a market capitalization of ₹76 Cr.
- Stated reason for resignation is 'engagement of pre-occupied assignments' requiring substantial time.
Bits Ltd reported a strong start to FY27 with consolidated net profit rising 97% YoY to ₹17.64 Lakhs. Revenue from operations grew 41% YoY to ₹43.54 Lakhs, representing a significant portion (~43.5%) of its TTM revenue. While the percentage growth is high, the company remains at a very small absolute scale with annual revenues hovering around ₹1-2 Cr. Expenses also rose, particularly 'Other Expenditure' which increased to ₹15.84 Lakhs from ₹11.25 Lakhs YoY.
- Consolidated Net Profit increased 97% YoY to ₹17.64 Lakhs from ₹8.96 Lakhs.
- Revenue from operations grew 41% YoY to ₹43.54 Lakhs compared to ₹30.90 Lakhs in Q1 FY26.
- Total expenses for the quarter stood at ₹27.90 Lakhs, up from ₹23.62 Lakhs YoY.
- Associate company Prurient IT Solutions contributed ₹1.30 Lakhs to the consolidated bottom line.
- Consolidated EPS improved to ₹0.0158 from ₹0.0080 in the corresponding quarter of the previous year.
Bits Ltd reported a consolidated net profit of ₹17.64 Lakhs for the quarter ended June 30, 2026, representing a 96.9% increase from ₹8.96 Lakhs in the same period last year. Revenue from operations grew 40.9% YoY to ₹43.54 Lakhs, up from ₹30.90 Lakhs. Despite the high percentage growth, the company remains a micro-cap with very small absolute revenue figures, totaling just ₹44.24 Lakhs for the quarter. The company's associate, Prurient IT Solutions, contributed ₹1.30 Lakhs to the bottom line.
- Consolidated Revenue from operations increased 40.9% YoY to ₹43.54 Lakhs.
- Consolidated Net Profit nearly doubled to ₹17.64 Lakhs compared to ₹8.96 Lakhs in Q1 FY26.
- Other Expenditure rose to ₹15.84 Lakhs, up from ₹11.25 Lakhs in the previous year's quarter.
- Earnings Per Share (EPS) improved to ₹0.0158 from ₹0.0080 YoY.
- Promoter holding remains stable at 65.07% with zero pledges.
Bits Ltd has announced a board meeting on July 24, 2026, to consider and approve un-audited financial results for the quarter ended June 30, 2026. The company operates on a very small scale with TTM revenue of only ₹1 Cr and a high P/E ratio of 111.1. The trading window for insiders will remain closed until July 26, 2026. Recent quarterly revenues have shown slight growth, rising from ₹0.31 Cr in June 2025 to ₹0.43 Cr in March 2026.
- Board meeting date set for July 24, 2026, to review Q1 results.
- Trading window remains closed from July 01, 2026, until July 26, 2026.
- Company reports a TTM revenue of ₹1 Cr against a market capitalization of ₹80 Cr.
- Operating profit margin (TTM) stands at 46.9%, though on a very low revenue base.
- Promoter holding has remained steady at 65.07% as of June 2026.
Financial Performance
Revenue Growth by Segment
Total revenue for the fiscal year ended March 31, 2025, was INR 116.92 Lakhs. Specific segment-wise growth percentages are not disclosed in the provided documents.
Profitability Margins
The company achieved a Net Profit Margin of 18.13% for FY 2024-25, with a profit of INR 21.20 Lakhs on revenue of INR 116.92 Lakhs.
EBITDA Margin
The Operating Profit (Profit before tax) margin stood at 18.13% (INR 21.20 Lakhs) for FY 2024-25. YoY change is not calculable as previous year absolute figures were not provided in the summary.
Operational Drivers
Raw Materials
Not specifically named; however, the company identifies 'raw materials' generally as a risk factor impacting performance.
Raw Material Costs
Raw material costs are cited as a significant risk factor that exerts influence on performance, though specific procurement costs as a % of revenue are not provided.
Strategic Growth
Growth Strategy
The company plans to invest significantly in core businesses by leveraging growth in the Indian economy. Strategy includes developmental activities planned for the next fiscal year and a 'consumer-centric approach' to drive organizational growth. The company also maintains a 50% stake in an associate, Prurient IT Solutions Private Limited, to expand its footprint.
Products & Services
IT-related services and solutions (inferred from the associate company 'Prurient IT Solutions' and the company's focus on technology innovation).
Brand Portfolio
Bits Limited.
Market Expansion
The company mentions plans for developmental activities in the next fiscal year to capitalize on Indian economic demand, though specific regions are not named.
Strategic Alliances
Holds a 50% stake in Associate Company: Prurient IT Solutions Private Limited (converted from an LLP on July 29, 2022).
External Factors
Industry Trends
The industry is characterized by rapid technology innovation, adoption, and globalization, creating a competitive environment that forces corporations to focus on asset efficiency and profitability.
Competitive Landscape
The market is described as 'increasingly competitive' due to globalization and technology shifts, requiring constant transformation of operating models.
Competitive Moat
The company's moat is built on its 'consumer-centric approach' and adherence to a Code of Corporate Ethics. Sustainability is linked to its internal financial controls and transparent functioning.
Macro Economic Sensitivity
Highly sensitive to Indian GDP growth and demand, which the company views as a primary driver for investment opportunities.
Consumer Behavior
Shifting towards a demand for technology-driven solutions and efficiency, which the company aims to meet through its developmental activities.
Geopolitical Risks
Significant changes in the global political and economic environment are identified as factors exerting 'tremendous influence' on company performance.
Regulatory & Governance
Industry Regulations
Compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Companies Act, 2013. The company is subject to government regulations and tax regimes that impact operations.
Environmental Compliance
Environmental liabilities are identified as a risk factor, though specific compliance costs are not disclosed.
Taxation Policy Impact
The company follows Ind AS prescribed under Section 133 of the Companies Act, 2013. Changes in tax laws are cited as a major risk factor.
Legal Contingencies
The company identifies 'litigation' as a risk factor that could cause actual results to differ from expectations; however, it reported no non-compliance or penalties imposed by SEBI or Stock Exchanges in the last three years.
Risk Analysis
Key Uncertainties
Fluctuations in raw material costs, changes in tax laws, and global economic shifts are key uncertainties that could impact margins by an undisclosed percentage.
Geographic Concentration Risk
The company operates out of New Delhi, but specific revenue concentration by region is not disclosed.
Third Party Dependencies
Dependency on Mas Services Limited for Registrar and Transfer Agent services and M/s R. Mahajan & Associates for internal audit.
Technology Obsolescence Risk
Identified as a driver for market competition; the company manages this through 'rapid technology innovation' and developmental planning.
