Key Events and Timeline
- Mrs. Shipra Gandhi tendered her resignation as Company Secretary and Compliance Officer via letter dated May 13, 2026, citing personal reasons.
- Her resignation was effective from June 16, 2026.
- The Board of Directors accepted her resignation at their meeting held on June 16, 2026.
- The company delayed submitting the mandatory disclosure to BSE until October 09, 2026 - approximately 4 months after the effective resignation date.
Reason for Delay
The company attributed the delay to "inadvertent procedural oversight and an unintentional lapse in ensuring timely submission of the requisite disclosure to the Exchange."
Company Response and Commitments
The company acknowledged the importance of timely compliance and stated it has taken steps to submit the requisite disclosure along with supporting documents. They regret the delay and assure the Exchange that appropriate care will be exercised to strengthen internal compliance and monitoring procedures to ensure timely disclosure of all material events in the future.
Supporting Documentation Submitted
1. Annexure I: Details of resignation under Regulation 30
2. Annexure II: Resignation letter dated May 13, 2026
3. Annexure III: Certified true copy of Board resolution dated June 16, 2026
Resignation Details (Annexure I)
- Reason for cessation: Personal reasons
- Date of cessation: June 16, 2026
- Shareholding: Not applicable
- Director relationships: Not applicable
Board Resolution Authorization
The Board authorized Managing Director Raakesh B Kulwal (DIN: 00615150) to file necessary e-Form DIR-12 and other required forms with the Registrar of Companies, stock exchanges, and other statutory authorities.
Financial Impact
No financial impact quantified in the disclosure.
Capital Structure Impact
No capital structure impact mentioned.