Kindly be apprised that the Company has made the said disclosure to your good office on 1st March, 2024 under announcement ID 6928688. (attached herewith) Her Resignation letter which ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Panafic Industrials informed BSE that Ms. Reena Bhaskar resigned from the post of Company Secretary and Compliance Officer with effect from February 15, 2024, citing personal reasons. The company had disclosed this to BSE on March 1, 2024 (Announcement ID 6928688), but the resignation letter was inadvertently not uploaded, prompting a BSE query. The company has now submitted the resignation letter along with a corrigendum and apologized for the delay, attributing it to a lack of adequate professional guidance at the time. The Managing Director Sarita Gupta (DIN: 00113099) has signed all communications, and the company stated it has since engaged qualified professionals to avoid future delays.
This is a compliance and governance red flag — the delayed filing and missing resignation letter could draw regulatory scrutiny from BSE/SEBI and may affect investor confidence in the company's disclosure practices. The departure of a key managerial personnel (Company Secretary), who is also the Compliance Officer, may also raise questions about internal governance and continuity.