REPLY LETTER
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Awaiting price reaction for this filing.
Binny Mills has submitted a reply to BSE's observation regarding a delayed disclosure under SEBI's LODR Regulations. The delay relates to the resignation of Mr. S. Vivekanandan, who stepped down as Assistant Company Secretary (and Compliance Officer) effective June 17, 2025. The company failed to submit his resignation letter to the exchange within the mandatory 7-day window. The company attributed the delay to an inadvertent internal administrative oversight during a transition period. It has now furnished the resignation letter, a revised corporate announcement, and assured stronger internal compliance checks to prevent future lapses.
This is a governance-related filing — a delayed KMP resignation disclosure flagged by the exchange. While not a material business event, it reflects weak compliance controls, which is mildly negative for investor confidence though no financial penalty or business disruption is indicated.