Additional Details required for Corporate Announcement filed under Regulation 30 of SEBI (LODR) Regulations, 2015
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Kreon Finnancial Services informed BSE about a delayed disclosure regarding the resignation of Mr. Madhan Mohan R, Head – Data Analytics, whose last working day was December 12, 2025. The company submitted the intimation on December 15, 2025 (Monday) instead of within 24 hours, citing that it interpreted the 24-hour window as 24 working hours, excluding the weekend of December 13–14. The company expressed regret for the delay and assured that its internal compliance framework has been strengthened to prevent such delays in the future. Along with the clarification, the company re-submitted the resignation letter and required SEBI disclosure details.
This is a routine compliance clarification with no financial or operational impact on shareholders. The delayed disclosure was procedural in nature, and no penalty or enforcement action has been mentioned, so it is unlikely to materially affect the stock price.