Timeline of Events and Key Dates

  • Board Approval Date: June 25, 2026 - The Board of Directors approved the revised designation.
  • Effective Date of Revision: April 1, 2026 - The revised designation is effective retrospectively from this date.
  • Disclosure Date and Time: June 25, 2026, at 04:00:06 PM - The announcement was uploaded to the BSE Listing Centre.
  • Clarification Date: The letter is dated June 25, 2026, and was digitally signed on June 29, 2026, at 13:12:15.

Compliance Argument

The company asserts full compliance with SEBI LODR Regulations:

  • It references Regulation 30(6) read with Part A of Schedule III.
  • The requirement is to disclose material events 'as soon as reasonably possible and not later than 24 hours from the occurrence of the event.'
  • The company defines the 'occurrence of the event' as the date of Board approval (June 25, 2026), not the retrospective effective date (April 1, 2026).
  • Since the disclosure was made on the same day as the Board approval, it was within the 24-hour window.

Financial Impact

Financial impact is not quantified in the disclosure. The announcement pertains solely to a change in management designation and regulatory compliance timing.