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Atul Auto Limited Announces Resignation of Senior Management Personnel
Team Finance Saathi
27/Dec/2024
What's covered under the Article:
- Kamini Gaur resigns from Atul Auto on December 14, 2024.
- BSE requests clarification regarding the delay in notifying the resignation within the required 24-hour window.
- Atul Auto provides detailed explanation, including compliance with SEBI regulations.
Atul Auto Limited, a well-established manufacturer in the auto sector, has announced the resignation of Mrs. Kamini Gaur from the position of Senior Management Personnel (SMP), effective December 14, 2024. The company communicated the resignation to the Bombay Stock Exchange (BSE), however, the BSE requested an explanation regarding the delay in notifying the resignation details within the prescribed 24-hour period.
In response to the BSE's inquiry, Atul Auto has provided a detailed clarification, explaining the reason for the delay in reporting the resignation as per the regulatory timelines outlined in SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) and the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
The company confirmed that, despite the delay in reporting, the necessary information had already been provided in the initial communication on December 19, 2024. Paras J Viramgama, the Company Secretary and Compliance Officer of Atul Auto, stated that all other details about the resignation, including the effective date, were in accordance with SEBI guidelines and remained unchanged.
The resignation of Mrs. Kamini Gaur follows the terms of her departure on December 14, 2024, and no additional changes or appointments have been made at this time. The company assured that the relevant filings are being processed as per SEBI regulations and that the delay in notifying the resignation was due to internal timelines.
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