Disclosure regarding Resignation of Chief Financial Officer(CFO) with effect from December 11, 2024 and clarification on delay in submitting resignation letter of Mr. Kallanghat Sreeddharan ....
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Mr. Kallanghat Sreedharan Nair Suresh Kumar resigned as Chief Financial Officer of Cochin Minerals & Rutile Ltd, effective December 11, 2024, citing personal reasons. The CFO had submitted his resignation letter on October 30, 2024, and the company had initially informed BSE on the same day. However, the formal disclosure under SEBI's LODR Regulation 30 (which requires submission within 7 days of the resignation becoming effective) was not sent to the stock exchange on time. The company prepared the intimation letter on December 11, 2024 but failed to file it due to what it calls an 'inadvertent clerical oversight.' BSE flagged this delay in April 2025, prompting the company to belatedly file the disclosure along with this clarification.
While the CFO exit itself is routine and attributed to personal reasons, the delayed regulatory disclosure is a governance red flag that may concern investors about the company's compliance discipline. Shareholders should watch for any upcoming announcement on a new CFO appointment.