Revised Disclosure with respect to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Cella Space Ltd has filed a revised disclosure to BSE about changes involving Mr. Akhilesh Agarwal, who completed his 5-year term as Independent Director on 11 September 2025 (late disclosure, originally due within 24 hours). He has since been re-appointed as Additional Director (Non-Executive and Non-Independent) effective 23 January 2026, pending shareholder approval. This revised filing supersedes two earlier incorrect disclosures dated 23 and 27 January 2026. Separately, the company informed that BSE levied a penalty of Rs. 16,68,947 on 1 December 2025 for non-submission of the auditor's report with FY2016-17 financial statements under Regulation 33; the company has paid the fine and applied for a waiver.
For shareholders, the director move reduces board independence since Mr. Agarwal shifts from Independent to Non-Executive Non-Independent status. The recurring filing errors, delayed disclosures, and a BSE penalty for an old compliance lapse point to governance weaknesses, though the penalty amount is small relative to the company and a waiver has been sought.