Reliance Communications Ltd

Reliance Communications Explains Director Resignation Disclosure Delay ⏳

- Reliance Communications faced a delay in disclosing a director's resignation due to SEBI LODR Regulations.

- A technical email server issue lasting 45 days disrupted communication routing.

- The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016.

- Disclosures require approval from the Resolution Professional (RP) and RP team, causing a slight delay.

- The company acted in good faith and made diligent efforts to comply with regulations.

- Resolution Professional Mr. Anish Niranjan Nanavaty has managed Reliance Communications since June 28, 2019.