Clarification Regarding the Query Required for Corporate Announcement filed under Regulation 30 of SEBI (LODR) Regulations, 2015.
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BSE had sent a query dated June 26, 2025 asking for additional details on a Regulation 30 corporate announcement. Unishire Urban Infra replied that the BSE email accidentally landed in the company's spam folder and went unnoticed. On June 24, 2025, the company discovered that the master data already showed the date of cessation of director Mr. Sunil Kumar as May 31, 2025. The board then promptly convened a meeting to take note of his resignation and filed the necessary documents with the exchange. Managing Director Chirag (DIN: 10728185) apologized for the lapse and assured that such incidents will not recur.
This is a governance and compliance lapse where a director resignation was not disclosed to BSE in a timely manner, which may concern investors about the company's disclosure controls. However, the company has now filed the required paperwork, so the immediate regulatory risk appears contained.