In continuous Announcement of Regulation 30 (LODR)-Demise submitted on 09.03.2026, Revised intimation of sad demise of Mr. Rashmikant Acharya
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Awaiting price reaction for this filing.
Market Creators Ltd informed BSE about the sudden demise of Mr. Rashmikant Gajendraprasad Acharya, its Whole-time Director (DIN: 00051572), who passed away on Saturday, 7 March 2026. The company first filed the intimation on 9 March 2026, which was after the mandatory 24-hour disclosure window under SEBI's Listing Regulations. BSE flagged this as a discrepancy and asked for an explanation. On 11 March 2026, the company clarified that the delay was unintentional, caused by the shock of the event and the fact that this was the second demise of a Promoter Director within four months, with management occupied with family matters and last rites. The company stated there was no malafide intent behind the delay and requested BSE to take the explanation on record.
The loss of a Whole-time Director is a material event for this small-cap stock and a second promoter-level death in just four months could raise succession and governance concerns among investors. The delayed disclosure, though explained, may attract mild regulatory scrutiny from BSE/SEBI but is unlikely to materially impact operations in the short term.