In a recent clarification to the BSE, Rapid Multimodal Logistics addressed the discrepancy in submitting the resignation letter of Ms. Varsha Jhanwar as Company Secretary and Compliance Officer. On January 21, 2025, the company submitted a detailed letter following a communication from the Stock Exchanges about the delay in filing the resignation letter, which was received on November 1, 2024, and accepted on November 13, 2024. However, the letter was inadvertently omitted from the initial submission.

The company acknowledged that this omission was unintentional and not meant to conceal any information. They provided the resignation letter, explaining that the reason for her resignation was purely personal, with no other material factors involved. The company emphasized its commitment to adhering to the required timelines and apologized for any inconvenience caused by the delay in submission.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company complied by submitting a detailed disclosure (Annexure-A) about Ms. Jhanwar's resignation, further reaffirming that the resignation was accepted by the Board and communicated to BSE within seven days from the effective resignation date.

To ensure transparency and compliance with stock exchange guidelines, Rapid Multimodal Logistics clarified that the disclosure made earlier on November 19, 2024, was comprehensive, but the failure to attach the resignation letter was an administrative mistake. The company assured the BSE of its adherence to the listing regulations moving forward and expressed a firm commitment to future compliance.

As part of the company's ongoing efforts to maintain transparency and provide timely updates, Rapid Multimodal Logistics has made available the detailed resignation letter of Ms. Varsha Jhanwar, along with the clarifying remarks regarding the delay in submitting the letter initially. The company took this step in full accordance with the recent SEBI Circular and the requirement to keep stakeholders informed.

The company has committed to implementing better internal checks to avoid similar issues in the future. Additionally, stakeholders and investors are encouraged to review the complete resignation disclosure, which also includes an important note on the reason for resignation: personal reasons. No further material reasons for her resignation have been disclosed.

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