SEBI warning over delayed disclosure of director resignations

SEBI issued an administrative warning on September 10, 2026 for delayed and failed stock exchange disclosures about resignations of directors including Mr. M. Nandagopal, Mr. Arvind Nandagopal, Mr. T. Krishnamurthy, and Mr. Nate Nanda. The company says the lapses arose from extraordinary circumstances following a July 2024 SEBI order that left the board without a quorum. A new board was constituted in January 2025 via Madras High Court directions. No financial or operational impact has been reported. The company has assured corrective measures and requested SEBI to treat the matter as closed.