Clarification regarding the query on Corporate Announcement filed under Regulation 30 of SEBI LODR Regulations, 2015 is submitted
LGBBROSLTD · price
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BSE raised a query about the company's delayed disclosure of the resignation of Mr. Suresh Sivalingam, Vice President - Strategic Business Development. He resigned due to personal reasons effective January 31, 2026, but the company only disclosed this on May 2, 2026 — a delay of about 3 months. BSE flagged that Regulation 30 requires disclosure within 24 hours of the effective date. The company clarified the delay was inadvertent and unintentional, stating the details and resignation letter were already submitted with the May 2 announcement. The company has promised to ensure compliance going forward.
The resignation itself happened 3 months ago, so operational impact is likely already absorbed. However, this highlights a compliance gap — BSE may scrutinise the company's future disclosures more closely. The stock is unlikely to react significantly as the management change is not new.