CHD Chemicals Limited Announces Resignation of Statutory Auditor DSP & Associates
CHD Chemicals Limited has notified the Bombay Stock Exchange about the resignation of statutory auditor M/s DSP & Associates, effective January 30, 2026. The auditing firm cited pre-occupation with other professional commitments as the reason for resignation, which comes after completing audit responsibilities for the quarter ended September 30, 2025. DSP & Associates confirmed no disagreements with management on accounting or auditing matters during their tenure.
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CHD Chemicals Limited has officially notified the Bombay Stock Exchange regarding the resignation of its statutory auditor M/s DSP & Associates, effective January 30, 2026. The company submitted the requisite intimation under Regulation 30 of the Listing Regulations, ensuring compliance with SEBI guidelines for auditor changes.
Auditor Resignation Details
DSP & Associates, a chartered accountancy firm with registration number 006791N, formally tendered their resignation through a letter dated January 30, 2026. The resignation becomes effective immediately, following the completion of their statutory audit responsibilities for the quarter ended September 30, 2025.
| Parameter: | Details |
|---|---|
| Auditor Name: | DSP & Associates |
| Registration Number: | 006791N |
| Resignation Date: | January 30, 2026 |
| Effective Date: | January 30, 2026 |
| Last Audit Period: | Quarter ended September 30, 2025 |
| Reason: | Pre-occupation due to other professional commitments |
Regulatory Compliance
The company has fulfilled its disclosure obligations pursuant to SEBI Circular No. CIR/CFD/CMD1/114/2019 dated October 18, 2019, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. CHD Chemicals submitted comprehensive details about the auditor change to maintain transparency with stakeholders and regulatory authorities.
Auditor's Confirmation
In their resignation letter, DSP & Associates explicitly confirmed that no material disagreements existed with the company's management or audit committee during their tenure. The firm stated that there were no disputes regarding accounting principles, auditing practices, scope of audit, or financial disclosures. The auditing firm, based in Ludhiana with offices at City Tower, Model Town, cited professional commitments as the sole reason for their departure.
Corporate Governance Impact
The resignation letter was signed by Sidharth Gupta, Partner at DSP & Associates with membership number 541066. CHD Chemicals' Director Mehtab Singh digitally signed the notification to the stock exchange, ensuring proper authorization of the disclosure. The company will need to initiate the process of appointing a new statutory auditor to maintain compliance with corporate governance requirements and continue fulfilling its audit obligations for upcoming financial periods.
Historical Stock Returns for CHD Chemicals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -4.81% | -8.33% | -14.66% | -23.96% | -85.63% |
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