As per letter attached
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Eraaya Lifespaces Limited has submitted a clarification to BSE regarding the disclosure of resignation letters. The company states it has been regular in making material disclosures including board composition changes. The resignation letters arose from interconnected developments involving ongoing legal proceedings, and the company was evaluating the appropriate scope of disclosure due to applicable legal constraints and the nature of certain statements in the letters. The company had approached the Hon'ble Delhi High Court seeking appropriate directions on disclosure. BSE has since disseminated the resignation letters, and the company reiterates its commitment to SEBI (LODR) Regulations compliance.
This indicates potential disclosure compliance issues related to board resignations and ongoing legal proceedings. The company sought court guidance before full disclosure, which may raise concerns about governance transparency for shareholders.