Key Quantitative Figures and Dates
- Date of Cessation for Both Directors: 19th January, 2026
- Date of BSE Communication: 29th June, 2026
- Date of This Submission: 10th August, 2026
- Director Identification Numbers (DINs):
- Mr. Abhishek Shashikant Agrawal: DIN 03052720
- Mr. Lalit Kumar Tapadia: DIN 08117881
- Ms. Shrena Shah (Signing Director): DIN 07176766
Parties Involved
- Regulator: The Listing Compliance Department, BSE Limited
- Individuals Ceasing as Directors: Mr. Abhishek Shashikant Agrawal and Mr. Lalit Kumar Tapadia
- Company Representative: Ms. Shrena Shah, Director
Reason for Delay and Rectification
The company acknowledges a delay in filing the requisite disclosure regarding the directors' retirement. The delay is attributed to an "inadvertent oversight" in the company's compliance process, where the disclosure was "unintentionally missed." The omission was identified subsequently, and the disclosure was filed immediately. The company states there was no intention to withhold material information.
Furthermore, the original filing contained a typographical error in mentioning the date of tenure completion, which has been rectified in this submission.
Stated Rationale and Impact
The reason for the directors' cessation is the completion of their tenure as Independent Directors. The Board and Management expressed "deep appreciation and gratitude" for their "impeccable contribution and stewardship."
The company states that necessary internal measures have been reinforced to avoid a recurrence of such compliance delays. The financial impact of this management change is not quantified in the disclosure.
Action Taken
Upon noticing the omission, the company submitted the delayed disclosure along with the additional details required under the relevant SEBI circular.