P.M. Tele Links Ltd, a leading company in the telecommunications industry, recently faced scrutiny over the resignation of Mr. Pratik Rajendrakumar Koralwala, the Company Secretary and Compliance Officer. The resignation, which was formally received on 10th December 2024, led to a clarification notice sent to the Bombay Stock Exchange (BSE) regarding the delay in the official announcement. The resignation was intended to be communicated within 24 hours as per Regulation 30 of SEBI (LODR) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123. However, due to certain delays in finalizing the resignation date and filing under the correct category, P.M. Tele Links filed the official resignation notice under the "Change in Management" category on 19th December 2024, following the Board's formal approval.

In response to a query from BSE, P.M. Tele Links Ltd explained that while the resignation was filed on 10th December 2024, the filing under the proper category of "Change in Management" was inadvertently missed. This mistake was rectified by submitting a revised announcement on 19th December 2024, including all necessary details as per the SEBI Circular. The company expressed its regret for the oversight and reassured that it was fully committed to maintaining compliance with all regulatory requirements going forward.

The resignation was due to unavoidable circumstances, as stated by Mr. Koralwala in his resignation letter, which was submitted to the Board and accepted with immediate effect. Despite the delay in filing the official intimation under the correct category, the company assures the public and stakeholders that the resignation was communicated promptly within the required timeline as per the regulations.

In line with regulatory guidelines, the company also included the details required by SEBI's circular, ensuring the transparency of its operations. The revised announcement now accurately references SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123, confirming the resignation details as per regulatory requirements.

For investors and stakeholders, this update reinforces P.M. Tele Links Ltd's commitment to transparency in all corporate communications. It is also noteworthy that the company will be appointing a successor for the role of Company Secretary and Compliance Officer, with the information to be communicated shortly.

P.M. Tele Links Ltd continues to ensure that its practices are aligned with SEBI's regulations and corporate governance standards, as seen in their proactive steps to rectify this situation. For more updates on this matter, as well as financial updates and upcoming IPO news, visit Finance Saathi.

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