Demise of Chairman Emeritus and Co-Founder Shri B K Patodia
The company has informed the exchange of the demise of Shri B K Patodia, Chairman Emeritus and Co-Founder, on Monday, 28 September 2026 at around 2:00 PM (IST).
- Event
- Demise of Shri B K Patodia, Chairman Emeritus and Co-Founder
- Date and Time
- Monday, 28 September 2026 at around 2:00 PM (IST)
- Regulatory Action
- Cease to be part of Promoter under SEBI LODR Regulation 31A(6)(c)
- Update Regulation
- Regulation 30 of SEBI (LODR) Regulations, 2015
What was announced
The company informed BSE of the demise of Shri B K Patodia, Chairman Emeritus and Co-Founder, on Monday, 28 September 2026 at around 2:00 PM (IST).
The intimation was made under Regulation 30 of SEBI (LODR) Regulations, 2015, which requires listed companies to promptly disclose events material to investors.
Promoter status
The company also intimated that Shri B K Patodia would cease to be part of the "Promoter" of the company, in accordance with Regulation 31A(6)(c) of SEBI (LODR) Regulations, 2015. This provision deals with removal of a deceased person from the promoter category.
How investors may read it
- The announcement relates to the loss of a founding figure described by the company as having played a crucial role in shaping the GTN Group.
- The update sets out a change in the promoter classification following the demise.
- The communication is a condolence and status intimation; it carries no financial figures.
Updates of this nature are commonly viewed as a leadership-continuity matter rather than an operational or financial development.
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