Pursuant to Regulation 30 of SEBI (LODR) Regulation, 2015 we wish to inform you that M/s. BPK Associates, Company Secretaries as the Secretarial Auditor of the company due to pre-occupancy.
Awaiting price reaction for this filing.
Raasi Refractories has informed the stock exchanges that its Secretarial Auditor, M/s. BPK Associates, Company Secretaries, has stepped down citing pre-occupation (prior commitments). The resignation appears to be a mid-term exit, as no successor has been named in this disclosure. The company will need to appoint a new Secretarial Auditor to ensure compliance with corporate governance and SEBI LODR requirements. No reasons related to financial irregularities or governance concerns have been mentioned.
Minor governance event; the company will need to fill the secretarial auditor position soon to maintain compliance. No direct impact on stock price or shareholder value is expected, but prolonged vacancy could raise minor governance scrutiny.