Atlantaa Limited submitted additional details regarding the delayed disclosure of the resignation of Mr. Arpan Manhar Brahmbhatt (DIN: 00044510) as Non-Executive & Independent Director of the company.
Key Details of Resignation
- Director Name: Mr. Arpan Manhar Brahmbhatt (DIN: 00044510)
- Position: Non-Executive & Independent Director
- Effective Date of Cessation: March 31, 2024
- Reason for Cessation: Resignation upon expiry of second term
- Filing Date: April 03, 2024 (filed with delay)
- Required Timeline: 24 hours from cessation (deadline was April 01, 2024)
Committee Memberships Ceased
Mr. Brahmbhatt automatically ceased membership from all Board Committees of Atlantaa Limited effective March 31, 2024, including:
- Audit Committee
- Nomination Remuneration Committee
- Stakeholder Relation Committee
Reason for Delay
The delay in intimation was attributed to the closure of the financial year and start of the new financial year (April 01, 2024), and compliance with various deadlines during this period. The company stated this was an inadvertent slight delay with no other material reasons.
Financial Impact
Financial impact not quantified in the disclosure.
Company Representation
The disclosure was signed by Rajhoo Bbarot, Chairman (DIN: 00038219) of Atlantaa Limited.