Please find enclosed the Reply to BSE Mail dated 24th July, 2025 regarding Corporate Announcement submitted by the Company dated 23rd July, 2025 under Regulation 30 of SEBI LODR, 2015.
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Minal Industries Ltd has replied to a BSE query regarding the late disclosure of a director appointment. The company appointed Disha Hiteshkumar Rathod as an Additional Non-Executive Independent Director on 30th May 2025 during a Board Meeting, but the intimation to BSE was filed beyond the 12-hour timeline required under Regulation 30 of SEBI LODR. The company explained that its compliance team was overloaded with finalizing Standalone and Consolidated Financial Statements and simultaneously managing the Board Meeting and an Extraordinary General Meeting held on the same day. Minal Industries apologized for the unintentional oversight, stated there was no malafide intent, and committed to strengthening internal compliance processes to prevent future lapses.
This filing is essentially a post-hoc explanation for a regulatory compliance lapse rather than a substantive corporate event, so direct shareholder impact is limited. However, repeated or serious delays in statutory disclosures can attract regulatory scrutiny and slightly dent investor confidence in governance standards.