Rathi Bars Appoints CFO as Interim Compliance Officer

Rathi Bars Limited

Key Appointment Details

The company has designated Mr. Uddhav Rathi, who currently serves as Chief Financial Officer (CFO) of the company, as the Compliance Officer on an interim basis. This arrangement is temporary and pending the appointment of a suitable and qualified Company Secretary to fill the Compliance Officer role permanently.

Regulatory Context and Timeline

The disclosure specifically references compliance with Regulation 6(1) and Regulation 6(1A) of the SEBI LODR Regulations, which require the appointment of a qualified Company Secretary as Compliance Officer. The regulations mandate that any vacancy in this office must be filled at the earliest and, in any case, within three months from the date of such vacancy.

The company also references SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/2025/47 dated April 1, 2025, titled "Clarification on the position of Compliance Officer in terms of Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015." This circular provides further clarification on the organizational position and level of the Compliance Officer under Regulation 6(1).

Purpose and Duration

The interim arrangement has been implemented to ensure there is no interruption in the company's regulatory, statutory, and listing-related compliances during the transition period. The company states it is actively making efforts to identify and appoint a suitable Company Secretary/Compliance Officer at the earliest within the applicable regulatory timeline.

The interim arrangement with Mr. Uddhav Rathi will remain in force only until the appointment of a qualified Company Secretary as the permanent Compliance Officer, at which point the stock exchange will be duly informed.

Financial Impact

No financial impact is quantified or mentioned in the disclosure.