StockWatch
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Investment Company
Management Change14 Jul 2026, 05:30 pm

Jolly Plastic CFO Resigns; Company Cites Delay in Disclosure

AI Summary

Jolly Plastic Industries Limited has submitted a clarification letter and the resignation letter of its Chief Financial Officer, Braj Mohan Singh. The resignation is effective from June 12, 2026, due to a change in role within the company. The company also addressed a discrepancy regarding the delay in informing the stock exchange about the CFO's resignation within the prescribed timeline under SEBI (LODR) Regulations, 2015. Jolly Plastic Industries Limited sincerely regrets the delay and assures that internal compliance controls have been strengthened to ensure timely disclosures going forward, requesting the exchange to condone the inadvertent delay.

Key Highlights

  • CFO Braj Mohan Singh resigns effective June 12, 2026.
  • Resignation attributed to a change in role within the company.
  • Company acknowledges and regrets delay in disclosure of CFO resignation.
  • Internal compliance controls strengthened to ensure timely disclosures.