Sanjay Koul has resigned as Director and Business Head of the Lubricants Business at Grauer & Weil (India) Ltd , effective July 9, 2026. The resignation was disclosed to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company confirmed that Koul ceased to hold the position of Senior Management Personnel (SMP) and Business Head with the closing of business hours on July 9, 2026. The intimation regarding the change in directorship has been hosted on the company's official website.

Resignation Details

The following table outlines the key details of the resignation:

The disclosure was made in compliance with Regulation 30 and Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2023. The filing was signed by Chintan K. Gandhi, Company Secretary of Grauer & Weil (India) Ltd.

Grauer & Weil (India) Limited disclosed a compliance deviation regarding the intimation of promoter status reclassification to BSE Limited in its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report, issued by M/s. GMJ & Associates, noted that the company failed to inform the stock exchange within the mandated 24-hour window following the submission of applications. This delay resulted in BSE issuing a warning letter to the company, although no financial penalty was levied.

The secretarial audit confirmed that the listed entity generally complied with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable regulations during the review period. However, the auditor identified a specific instance of non-compliance under Regulation 31A(8)(c). The company submitted the required intimation regarding the reclassification of a promoter to public status with a delay of three months.

In response to the observation, the management stated that it would take necessary precautions to ensure timely dissemination of data in the future. The report also noted that the company maintained a Structured Digital Database (SDD) for the prohibition of insider trading, though the updation of entries experienced delays during the year.

The audit verified compliance across various operational and governance areas, including the adoption of board-approved policies, maintenance of a functional website, and performance evaluation of the board and its committees. It confirmed that no directors were disqualified under Section 164 of the Companies Act, 2013, and that related party transactions received prior audit committee approval where required.

GMJ & Associates also examined the company's adherence to secretarial standards issued by the Institute of Company Secretaries of India (ICSI) and the preservation of documents as prescribed under SEBI regulations. The report concluded that aside from the specified deviation regarding the BSE intimation and the delayed updation of the SDD, no additional non-compliances were observed during the financial year.

Compliance Observations