Ceinsys Tech Ltd. informed the BSE Limited on December 17, 2024, regarding the sad demise of Dr. Hemant Thakare, the Chief Administrative Officer and a member of the senior management team. This announcement came in response to a discrepancy flagged by the BSE about a delay in submitting the information as required by Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Clarification on Corporate Disclosure

In its communication with the BSE, Ceinsys Tech Ltd. clarified that the company had indeed filed the original disclosure regarding the passing of Dr. Thakare on December 16, 2024, which was within 24 hours of receiving the information about his unfortunate death. The company addressed the BSE's concerns about any perceived delay in the filing and emphasized that the announcement was made as soon as the information was confirmed.

Additional Details as Required by SEBI

In accordance with the SEBI Circular dated July 13, 2023, and as per the requirement of Regulation 30, the company also submitted additional details in Annexure-I, which includes:

1. Reason for Change: The sad demise of Dr. Hemant Thakare, who was the Chief Administrative Officer and a key member of the senior management.
2. Date of Cessation: December 14, 2024, marking the unfortunate date of his passing.
3. Brief Profile and Relationship Disclosures: These sections were noted as not applicable in the context of the death of Dr. Thakare.

Impact on the Company

The passing of Dr. Hemant Thakare is a significant loss for Ceinsys Tech Ltd., given his important role in the company’s leadership. The company has assured the BSE that the disclosure was made in a timely and accurate manner, meeting all the regulatory obligations as per SEBI guidelines.

Conclusion

The company is deeply saddened by the loss of Dr. Hemant Thakare, whose contributions to the company were invaluable. Ceinsys Tech Ltd. has expressed its commitment to maintaining transparency and compliance with the SEBI regulations. The company’s disclosure has been appropriately updated and clarified to ensure full adherence to the regulatory framework.

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