Reply in to the exchange query dated June 14, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
POCL Enterprises responded to a BSE query asking why it did not disclose the resignation of Mr. Ashok Kumar (President – Marketing & Sales) within 24 hours of the March 31, 2025 effective date. The company explained that Mr. Ashok was working on a hybrid basis between the Chennai office and his Mumbai residence, and his resignation was initially kept in abeyance for further discussion. Management formally accepted the resignation on April 4, 2025 while keeping the effective date as March 31, 2025. The company filed the disclosure within 24 hours of receiving the formal resignation from Mr. Ashok/HR and maintains there was no delay.
This is a routine procedural clarification with no material business or financial impact on the company. Investors may note mild governance scrutiny on disclosure timelines, but no penalty, action, or business disruption has been indicated.