DPSC Limited notifies NSE of Executive Director tenure cessation during Corporate Insolvency Resolution Process

IBC 30 Jun 2026 · In force· ✓ Verified

DPSC Limited, a listed entity on NSE, disclosed to the exchange a corporate action involving the completion of tenure of an Executive Director. The notification was filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates timely disclosure of material events. The concurrent reference to 'Corporate Insolvency Resolution Process' indicates the company is operating under CIRP as defined under the Insolvency and Bankruptcy Code, 2016. During CIRP, the Insolvency Professional assumes operational control, but the board composition changes (including KMP cessation) remain material disclosures to shareholders and market participants.

Why it mattersIBC-regulated entities must continue SEBI LODR disclosure obligations (including material corporate action notices) even during CIRP; cessation of key managerial personnel (KMP) during insolvency requires immediate exchange notice to preserve regulatory compliance and market transparency.
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SectorIndustrials
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