Clarification24 Sept 2026, 10:20 pm
Kesoram Industries Re-submits Director Resignation Disclosure
AI Summary
Kesoram Industries Ltd has re-submitted a corporate announcement regarding the resignation of two Independent Directors, Mr. Jitendra Kumar Agarwal and Mrs. Rashmi Bihani, effective September 17, 2026. The re-submission is due to a delay in filing the initial disclosure within the stipulated 24 hours. The company cited an inadvertent misunderstanding of SEBI (LODR) Regulations, 2015, specifically interpreting a 7-day timeline instead of the required 24 hours for such disclosures. The directors resigned due to a change in the company's control, with no other material reasons cited. Kesoram Industries has assured future compliance with disclosure timelines.
Key Highlights
- Two Independent Directors resigned on September 17, 2026.
- Resignations attributed to change in company control.
- Disclosure delay caused by misinterpretation of SEBI regulations.
- Company re-submits announcement with clarification.
- Commitment to future compliance with disclosure timelines.
Price Impact
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