AGI Greenpac Provides Clarification on President’s Resignation Disclosure

Team Finance Saathi

03/Dec/2024

What's covered under the Article:

Explanation for delay in filing the resignation details of Ashoka Rao Manikala.
Apology from AGI Greenpac Ltd. for the oversight and assurance of future compliance.
Details of the resignation under SEBI regulations.

AGI Greenpac Ltd. (formerly known as HSIL Ltd.) issued a clarification on December 3, 2024 in response to the delay in the submission of the resignation details of Mr. Ashoka Rao Manikala. This was in reference to their previous disclosure dated July 29, 2024, regarding his resignation as President of the company.

Explanation for Delay

The company expressed that the delay in filing the resignation details was due to an inadvertent oversight, and they sincerely apologized for this. AGI Greenpac emphasized that the delay was not deliberate and assured stakeholders of their commitment to strict compliance with all applicable regulations. The company also committed to ensuring that such delays will not occur in the future.

Details of Mr. Ashoka Rao Manikala’s Resignation

The resignation of Mr. Ashoka Rao Manikala was effective from July 29, 2024. AGI Greenpac Ltd. has now submitted the required documentation to the BSE and other regulatory authorities under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. The resignation letter detailing the reasons for his departure has been provided as Annexure-II in the disclosure.

Commitment to Compliance

As part of the company's continued commitment to transparency and corporate governance, AGI Greenpac reassured investors and stakeholders that they will strive to maintain timely disclosures going forward.

The Upcoming IPOs in this week and coming weeks are Nisus Finance, Emerald Tyre Manufacturers, Jungle Camps, Purple United, Rosmerta Digital and Avanse Financial.The Current active IPO is Ganesh Infraworld and Suraksha Diagnostic.For more details on upcoming IPOs, you can visit our page at Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi and stay updated with the latest news on IPO updates on Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance Saathi.Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.Start your Stock Market Journey and Apply in IPO by opening a Free Demat Account in Choice Broking FinX.

Disclaimer

The information provided on this website is for educational and informational purposes only and should not be considered as financial advice, investment advice, or trading recommendations.

Trading in stocks, forex, commodities, cryptocurrencies, or any other financial instruments involves high risk and may not be suitable for all investors. Prices can fluctuate rapidly, and there is a possibility of losing part or all of your invested capital.

We do not guarantee any profits, returns, or outcomes from the use of our website, services, or tools. Past performance is not indicative of future results.

You are solely responsible for your investment and trading decisions. Before making any financial commitment, it is strongly recommended to consult with a qualified financial advisor or do your own research.

By accessing or using this website, you acknowledge that you have read, understood, and agree to this disclaimer. The website owners, partners, or affiliates shall not be held liable for any direct or indirect loss or damage arising from the use of information, tools, or services provided here.

Services

AGI Greenpac Provides Clarification on President’s Resignation Disclosure

Explanation for Delay

Details of Mr. Ashoka Rao Manikala’s Resignation

Commitment to Compliance

Related News

Disclaimer