Atlantaa clarifies delay in reporting Independent Director's resignation

Atlantaa Ltd. has issued a clarification regarding a slight delay in intimating the resignation of Mr. Arpan Manhar Brahmbhatt as a Non-Executive & Independent Director. Mr. Brahmbhatt's second term expired, and his cessation was effective from the close of business hours on March 31, 2024. The required intimation, due by April 1, 2024, was filed on April 3, 2024. The company attributed the delay to the financial year-end, the start of the new financial year, and various compliance deadlines, stating it was an inadvertent oversight with no other material reasons. Atlantaa apologized for the inconvenience and reaffirmed its commitment to timely disclosures. Following his resignation, Mr. Brahmbhatt also ceased to be a member of the Audit, Nomination Remuneration, and Stakeholder Relation Committees.