Clarification pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 - Delay in disclosure of Appointment.
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Jungle Camps India appointed three additional independent directors on April 8, 2025 — Mr. Mukesh Kumar Dukia (Company Secretary), Mr. Rakesh Kumar Soni (Chartered Accountant), and Mr. Amit Kumar Kaushik (former Wing Commander with energy and governance background). The company disclosed these appointments only on April 10, missing the 12-hour reporting deadline mandated by SEBI. BSE flagged the delay, prompting a clarification on April 11 where the company called it an inadvertent oversight and pledged to tighten its internal disclosure processes. None of the three new directors are related to the promoter group, and their appointments are subject to shareholder approval at the next general meeting.
The new independent directors bring strong professional and governance expertise, which is a positive for board quality. However, the delayed disclosure and the need to publicly apologize for a compliance lapse raise minor governance red flags that investors should monitor.