Clarification Letter

Key Event Details

  • Event: Resignation of Mr. Kalpnath Patel, Independent Director (DIN: 09272990)
  • Resignation Date: 22nd August 2026
  • Effective Date: 22nd August 2026
  • Disclosure Date to BSE: 31st August 2026

BSE Discrepancy and Company Response

BSE raised a discrepancy regarding the delay in informing about the director's resignation within 24 hours from the effective date. The company responded that:

  • As per Part A of Schedule III of SEBI (LODR) Regulations, 2015, for resignation of an independent director, the disclosure must be made within seven days from the date the resignation comes into effect
  • The company received the resignation letter on 22nd August 2026 and made the disclosure to BSE on 31st August 2026

Reason for Delay

The delay in submission was attributed to:

  • Inadvertent transition in the office of the Company Secretary
  • Handover of records and pending compliance matters during transition
  • Communication gap during the transition period
  • Intervening festival/non-working days

The company stated the delay was neither intentional nor deliberate and has strengthened its internal compliance mechanism to ensure timely filings in the future.

Director Details

Resigning Director: Mr. Kalpnath Patel

  • Designation: Independent Director
  • DIN: 09272990
  • Resignation Reason: Personal and professional commitments requiring greater time and attention
  • Other Directorships: NIL (as per Annexure A)
  • Tenure: Not specified in the resignation letter

Company Representation

Signing Authority: Mr. Rishabh Aneja, Director (DIN: 02127744)

Digital Signature Date: 2026.09.02 09:46:25 +05'30' for clarification letter; 2026.09.02 09:46:46 +05'30' for intimation letter

Documents Submitted

1. Clarification letter dated 01st September 2026

2. Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015

3. Annexure A - Director resignation details

4. Annexure B - Resignation letter from Mr. Kalpnath Patel

Financial Impact

No financial impact quantified in the disclosure. The event represents a governance change with compliance implications.