Clarification on E-mail received by BSE on April, 2025 seeking additional information on Corporate Announcements made on March 21, 2025
RAJOOENG · price
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Rajoo Engineers has responded to a BSE query about the disclosure of its CFO Mr. Prakash C. Daga's resignation. The exchange had flagged that the company did not inform the stock exchange within the required 24-hour window after the resignation became effective. The company clarified that there was actually no delay: the Board of Directors approved the resignation on March 21, 2025, and the intimation was submitted to the exchange on the same day, meaning the 24-hour requirement was met. The clarification was filed by Utsav K. Doshi, Joint Managing Director, on April 9, 2025.
This is a routine compliance clarification and not a penalty or enforcement action. It confirms a leadership change at the CFO level, which shareholders should note, but the company maintains it complied with disclosure timelines so no material negative impact is expected.