Key Event Details
The Board of Directors of Sreechem Resins Limited approved the re-appointment of Mr. Bimal Kumar Choraria, Chartered Accountant as the Internal Auditor of the Company to conduct internal audit for the financial year 2026-2027. The decision was made at the Board meeting held on Friday, May 29, 2026.
Board Meeting Timing
- Start Time: 04:00 PM
- End Time: 04:45 PM
Regulatory Compliance Issue
The company acknowledged a delay in filing the required disclosure with the Stock Exchange. As per SEBI Listing Regulations, the intimation was required to be submitted within 24 hours of the Board Meeting (i.e., by May 30, 2026). The actual filing occurred on July 23-24, 2026, representing a delay of approximately 54 days.
Reason for Delay
The delay was attributed to "purely unintentional" circumstances and occurred due to "an administrative oversight." The company assured the Exchange that there was no intentional default or attempt to withhold material information.
Additional Information Provided
In the compliance filing, the company provided the following details as required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023:
- Reason for change: Re-Appointment
- Date of reappointment: May 29, 2026
- Relationship disclosure: Mr. Choraria is not related with any other Director of the Company
- Brief profile: Not Applicable
Remuneration Details
The remuneration for the Internal Auditor will be decided by the Board of Directors.
Financial Impact
Financial impact not quantified in the disclosure.