Transrail Lighting Gets Exchange Warning for Disclosure Violation

BSE and NSE issued warning letters dated April 1, 2026 to Transrail Lighting for inaccurate disclosure regarding termination of its CHRO.
The May 16, 2025 disclosure cited vague cessation language instead of mandated 'Termination/Removal' reason, violating SEBI LODR Regulations 30 and 4(1).
Company cited intent to protect former CHRO Major Sukriti Shukla's professional reputation as reason for omitting the termination language.
Transrail Lighting has committed to stating exact reasons in future disclosures and must place warning letters before its Board of Directors.