Revised submission along with reason for delay
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Awaiting price reaction for this filing.
Welterman International informed BSE that Mr. Mihir Bhatia (DIN: 06535259) ceased to be a Non-Executive Independent Director after completing his second consecutive term, with effect from close of business hours on March 29, 2025. The company also placed on record its appreciation for his contributions during his tenure. The intimation under Regulation 30 of SEBI LODR was originally filed on April 1, 2025 — a couple of days after the cessation. In a follow-up letter dated April 2, 2025, the company explained to BSE that the delay was inadvertent and caused by Sunday (March 30), Eid-al-Fitr holiday (March 31), and unavailability of staff, and requested BSE to condone the delay.
The director exit is a routine, planned event due to end of tenure and is not expected to have any material impact on the company's operations or shareholders. The delayed filing is a minor compliance lapse that the company has voluntarily explained to the exchange, with no penalty or financial consequence indicated so far.