Clarification regarding the Corporate Announcement dated 09th May, 2024
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Raj Oil Mills has clarified to the stock exchanges the reason behind the delayed disclosure of the resignation of Mr. Rajkumar Sharma, who was Vice President – Sales. Mr. Sharma had resigned in April 2024 with a planned last working day of May 23, 2024, but was actually relieved earlier on May 6, 2024. The company says it informed the exchanges on May 9, 2024, and that any delay in disclosure was unintentional and caused by the management passing the information to the Compliance Officer late. The company is sharing internal email correspondence to support this explanation and reiterates its commitment to timely disclosures under SEBI LODR norms.
This is essentially a procedural clarification, but the long gap between the original resignation (April 2024) and this formal explanation (January 2026) may raise minor governance and internal-control concerns among investors. The departure itself is of a senior manager rather than a board-level or financial role, so direct impact on business or stock price is expected to be limited.