Stellar Capital Services clarified to the Bombay Stock Exchange on September 1, 2026, that the delay in filing the resignation of Independent Director Rohit Kumar was inadvertent. The company attributed the lapse to a transition in the office of the Company Secretary.

Mr. Kumar’s resignation became effective on August 22, 2026. However, Stellar Capital Services disclosed the cessation to the BSE only on August 31, 2026. This nine-day gap prompted a discrepancy remark from the exchange regarding the failure to inform details within 24 hours.

Clarification on Delay

In a letter dated September 1, 2026, signed by Director Rishabh Aneja, the company stated that the delay arose primarily due to the handover of records and pending compliance matters during the Company Secretary transition. The company also cited a communication gap and intervening festival or non-working days as contributing factors.

The company emphasized that the delay was neither intentional nor deliberate. It has since strengthened its internal compliance mechanisms to ensure timely filings in the future.

Regulatory Context

The company referenced Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This provision mandates that listed entities disclose an independent director’s resignation letter and detailed reasons within seven days of the resignation becoming effective.

Stellar Capital Services submitted its disclosure on August 31, 2026, which falls within this seven-day window from the effective date of August 22, 2026. The company requested the exchange to condone the delay based on these circumstances.

Resignation Details

Mr. Kumar, holding DIN No. 10881518, tendered his resignation due to personal and professional commitments requiring greater time and attention. He confirmed there were no other material reasons for his departure. His resignation letter, dated August 22, 2026, expressed appreciation for the support received during his tenure.

Stellar Capital Services held its Board of Directors meeting on August 26, 2026, to approve key managerial personnel changes and director appointments. The board appointed Ms. Ruchi Chordia and Ms. Priyanka Sisodiya as additional non-executive independent directors. Both appointments are subject to shareholder approval at the next general meeting.

The company also appointed Mr. Sachin Gupta as Company Secretary and Compliance Officer, effective August 26, 2026. He succeeds Mr. Ravi Bhushan Prasad, who resigned from the role on August 19, 2026, citing personal reasons. Mr. Gupta brings 25 years of post-qualification experience in corporate laws and secretarial practices.

Governance Changes

The board noted the cessation of Mr. Kundan Kumar Mishra as Secretarial Auditor due to his demise on May 30, 2026. The company received intimation of this event on August 19, 2026. To fill the casual vacancy for FY26, the board appointed Ms. Rupal Mittal as Secretarial Auditor, effective August 26, 2026.

New Director Profiles

Ms. Ruchi Chordia is an Associate Member of the Institute of Company Secretaries of India (ICSI) with over four years of professional experience in corporate compliance and governance. She has no relationship with existing directors.

Ms. Priyanka Sisodiya is also an ICSI Associate Member with over five years of experience in corporate laws, secretarial compliance, and finance. She has been involved in regulatory compliance and IPO-related activities. She too has no relationship with existing directors.

The appointments aim to strengthen the company’s governance framework and ensure continuity in secretarial compliance following recent departures.