Clarification with respect to Discrepancy remark received for Corporate Announcement filed under Regulation 30 of Securities Exchange Board of India (Listing Obligations and Disclosure ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The company is responding to a BSE discrepancy remark about late filing of a director's resignation. Mr. Rajesh Chapshi Dedhia resigned as Additional Executive Director effective August 3, 2025, citing pre-occupancy. The company disclosed this to BSE on August 8, 2025, which BSE flagged as not meeting the 24-hour disclosure requirement. The company is clarifying that under SEBI LODR rules, the disclosure timeline for non-independent directors is 7 days, not 24 hours, so the filing was within compliance. The resigned director and the current Managing Director, Neeta Rajesh Dedhia, share the same surname, suggesting a possible family connection on the board.
This is a procedural clarification rather than a material business event. Investors should note the departure of a director, but the resignation appears to be a routine personal decision and the company is defending its compliance with disclosure rules. No significant impact on shareholders is expected from this filing.