Disclosure with respect to Regulation 30 of SEBI (LODR) Regulations, 2015
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Awaiting price reaction for this filing.
Cella Space Ltd informed BSE that Mr. Akhilesh Agarwal (DIN:00918838) completed his 5-year term as Independent Director on 11 September 2025 and was re-designated as Non-Executive Non-Independent Director effective 12 September 2025. The company admits this disclosure was inadvertently filed late, missing the 24-hour SEBI LODR deadline. Separately, BSE levied a penalty of Rs. 16,68,947 on 1 December 2025 for non-submission of the auditor's report along with financial statements for FY 2016-17 under Regulation 33. The company has paid the penalty and submitted a waiver application, stating no material financial or operational impact.
Negative governance signal: the late filing of a director change and a six-figure BSE penalty for old non-compliance may raise compliance concerns among investors, though the re-designation itself is routine and the penalty amount is not material to operations.