SANDHARBSESandhar Technologies LtdMediumNeutral
Announced Thu, 4 Sept · 18:26 IST

Revised Disclosure under Regulation 30 - Change in Management

Management Changes View source PDF

SANDHAR · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Mr. Narender Kumar Dogra, Vice President – Finance & Accounts (designated as Senior Management Personnel), superannuated from Sandhar Technologies effective close of business hours on August 31, 2025. He has since been retained in an advisory role from September 1, 2025, and is no longer part of the company's Senior Management Personnel. This is a revised filing after the original September 2, 2025 intimation was found to be delayed beyond the 24-hour SEBI timeline. The delay was attributed to ongoing internal discussions about extending his employment, which were only formally concluded on September 2. The HR department has apologized and assured timely communication going forward. The CFO and Company Secretary, Yashpal Jain, remains in his position.

Likely market impact

This is a routine retirement transition with continuity preserved through an advisory role, so the operational impact is limited. However, the delayed disclosure itself is a minor compliance red flag that BSE flagged, though it does not appear to attract any penalty from the disclosure itself.