Skyways Air Services Limited has provided a clarification to the BSE regarding the delay in disclosing the resignation of Mr. Kamal Kant Virthare, Associate Vice President-Human Resource. The company states that the resignation was effective October 31, 2026, and the announcement was made on November 3, 2026. Skyways attributes the delay to an inadvertent oversight in understanding the applicable disclosure timeline, assuring no wilful intent to withhold information and committing to future compliance.
Clarification on Resignation Disclosure
Skyways Air Services Limited has issued a clarification to the Department of Corporate Relations at BSE Limited concerning the timeline for the disclosure of Mr. Kamal Kant Virthare’s resignation. Mr. Virthare held the position of Associate Vice President-Human Resource (HR) and was classified as Senior Management Personnel (SMP) within the company.
Resignation Details and Disclosure
The company stated that Mr. Kamal Kant Virthare’s resignation became effective on October 31, 2026. Skyways Air Services subsequently submitted the requisite intimation to the stock exchange on November 3, 2026. This submission was made in reference to the announcement filed with the Exchange on the same date.
Explanation for Delay
Regarding the submission delay, Skyways Air Services attributed the lapse to an inadvertent oversight on the part of the company in understanding the exact disclosure timeline for changes in Senior Management Personnel. The company held a bona fide understanding that the disclosure was required within seven days, in accordance with Para A(7C) of Part A of Schedule III of the LODR Regulations. Since the intimation was submitted on November 03, 2026, which is within seven days of the effective resignation date of October 31, 2026, the company believed it was within the applicable timeline.
Commitment to Transparency
Skyways Air Services further emphasized that there was no deliberate intention to withhold or suppress any information from the stock exchange or investors. The company affirmed its commitment to ensuring transparency and compliance with all applicable provisions of the SEBI LODR Regulations, 2015. They requested the Exchange to take the clarification on record and consider the disclosure already made, seeking a lenient view of the inadvertent delay.
Future Compliance Assurance
The company assured the Exchange that necessary care and due diligence would be exercised in the future to ensure timely compliance with all applicable disclosure requirements.
Source: BSE
