Reliable Data Services Limited has informed the Exchange about General Updates
RELIABLE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Reliable Data Services Limited received warning letters from both NSE (April 29, 2026) and BSE (April 27, 2026) for failing to timely disclose the resignation of Mr. Ashwini Jha, Independent Director. The director had actually resigned on July 2, 2022, but the company only disclosed this on September 23, 2025 — a delay of over 3 years. SEBI regulations require resignation disclosures within 24 hours and the resignation letter within 7 days. The exchanges cited violations of Regulation 4(1)(c),(d),(h) and Regulation 30 of SEBI LODR. The company responded attributing the delay to incorrect interpretation of the facts and relevant provisions, and stated it has taken corrective steps to prevent recurrence.
The warning letters indicate non-compliance with mandatory disclosure norms. While no financial penalty has been imposed yet, the exchanges have warned that future violations will attract serious action. This reflects governance lapses and could concern investors about internal controls.