Clarification: BSE portal text said CFO, but the resignation intimation was for the CEO
The company wrote to the exchanges to correct a designation error in one of its updates.
By ScoutQuest · · 1 min read
- Correction Sought
- designation reads CEO instead of CFO
- Underlying Update
- resignation of the Chief Executive Officer (CEO)
- Signatory
- Vidhita Narkar, Company Secretary and Compliance Officer
Clarification about a designation in an earlier intimation
- The company has written to BSE and NSE to correct how a designation was shown in its earlier intimation about a change in management.
- While submitting that intimation on the BSE Listing Portal, the designation was inadvertently mentioned as Chief Financial Officer (CFO) in the text body instead of Chief Executive Officer (CEO).
- The intimation itself relates to the resignation of the Chief Executive Officer of the company.
What was already correct
- The PDF attachment and the XBRL updates submitted on both the BSE and NSE portals correctly reflected the designation as CEO.
- The company confirms that the intimation regarding the change in management was correctly completed on the NSE portal.
What the company has asked for
- It has requested BSE to take the clarification and the enclosed attachment on record, so that the designation is reflected as CEO instead of CFO.
Why a retail reader may care
- The resignation of a CEO is a key managerial change. A wrong designation in the exchange text could create confusion about which position is falling vacant, which is why the company has written in to set the record straight.
- The correction is about the designation in the text body of the update; the underlying intimation, the resignation, is unchanged.
The letter is signed by Vidhita Narkar, Company Secretary and Compliance Officer.
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