COMPANY SECRETARY MS SHITAL GURAV RESIGNING AS COMPLIANCE OFFICER FROM 282 BIOENERGY LTD CITING COMPLIANCE IRREGULARITIES AND GAPS

 COMPANY SECRETARY MS SHITAL GURAV RESIGNING AS COMPLIANCE OFFICER FROM 282 BIOENERGY LTD CITING COMPLIANCE IRREGULARITIES AND GAPS

A SERIOUS FOREWARNING ABOUT THE COMPLIANCE ISSUES IN A LISTED COMPANY

This resignation serves as a serious forewarning regarding potential governance and compliance weaknesses within a listed entity.

WHAT HAPPENED?

In this instance, the Company Secretary & Compliance Officer resigned with immediate effect, explicitly stating in her resignation letter that she had observed compliance irregularities and gaps which were raised through appropriate internal channels but remained unaddressed.

She further stated that, under the prevailing circumstances, she was unable to discharge her statutory duties in alignment with applicable laws, regulatory expectations, and professional standards.

DISCLOSURE UNDER REGULATION30 OF THE SEBI (LODR)

The resignation was formally disclosed by the Company under Regulation 30 of the SEBI (LODR) Regulations, 2015, clearly recording the stated reasons.

WHY THIS MATTERS?

·     The Compliance Officer is the first line of defence under SEBI LODR Regulations

·     A resignation citing compliance irregularities is not routine

·     It signals systemic lapses, not isolated errors

LESSONS LEARNED

For Boards and senior management, such disclosures should serve as a serious governance signal, not a routine compliance update.

For compliance professionals, it reinforces that upholding the law may sometimes require not continuing in such organisation.

R V SECKAR, FCS, LLB 79047 19295