Dutron Polymers Limited has issued a clarification to the BSE regarding a discrepancy remark about the disclosure of the demise of promoter Mrs. Kapilaben Hasmukhlal Patel. The company explained that the information regarding the promoter’s demise was disclosed within 24 hours as per SEBI regulations. Any delay in prior submissions was attributed to inadvertence and has led to strengthened internal compliance measures to prevent future delays.
Dutron Polymers Addresses BSE Discrepancy
Dutron Polymers Limited has provided a clarification to the BSE concerning a remark about a discrepancy in its corporate announcement filed under Regulation 30 of SEBI (LODR) Regulations. The specific issue raised was the disclosure of the demise of a promoter, Mrs. Kapilaben Hasmukhlal Patel, which was noted as not being disclosed to the Exchange within 24 hours.
Response to Discrepancy
In its response, Dutron Polymers stated that the information regarding the promoter’s demise was indeed disclosed to the Exchange within the stipulated 24-hour period, in accordance with Part A of Schedule III of SEBI (LODR) Regulations, 2015. The company further explained that any perceived delay in prior submissions related to this matter was inadvertent. It has been emphasized that the delay was neither intentional nor deliberate. To ensure timely filings and prevent any recurrence, the company has reinforced its internal compliance mechanisms.
Intimation of Promoter Demise and Shareholding
Separately, in compliance with Regulation 30 and 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Dutron Polymers informed the BSE about the sad demise of Mrs. Kapilaben Hasmukhlal Patel, who was a promoter of the company. She passed away on Sunday, 1st November, 2026, and held 3,19,800 equity shares, representing 5.33% of the company’s shares. Following this event, she has ceased to be part of the promoter/promoter group as per Regulation 31A(6)(C). The transmission of her shareholding to a nominee will be processed, and the shares will be shown in her name until the transmission is concluded.
Dutron Polymers has requested the Exchange to take this clarification on record and condone the delay.
Source: BSE
