Business & Investment

Zomato explains why co-founder Gaurav Gupta didn’t notify the exchange that he had resigned

Food tech company Zomato notified the stock exchange on Saturday that co-founder Gauraf Gupta had not been appointed to a key management position and had left the company without the need for relevant regulatory disclosures. He said he didn’t. ..

BSE asked the company to explain in a news report that Gupta had resigned.

In this regard, Zomato said in a BSE filing that “… the company intends to support and maintain a high level of corporate governance and complies with SEBI (Listing Obligations and Disclosure Requirements), Rule 2015 (” Listing Rules “). I said that I am doing it. With letters and spirit. “

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Zomato said Gupta is not designated as a major manager under the Companies Act 2013 and listing rules. Gupta joined the company in 2015 and was appointed as one of the co-founders in 2019 and as the supply manager in 2021.

“But he was not a promoter and did not hold shares in the company, so his exit from the company does not guarantee disclosure under listing rules,” said a recently listed company.

Zomato stated that there is no pending information or announcement from the company that could affect the price / volume behavior of the script and that all important information is disclosed within a defined timeline. rice field.

Earlier this week, Gupta ended Zomato. Thanks to Gupta for his contributions, Deepinder Goyal, the company’s founder and CEO, said in a tweet: Thank you for having a great team and leadership to move us forward. “

Read again: From table reservation manager to co-founder: See Gaurav Gupta’s time in Zomato

Zomato explains why co-founder Gaurav Gupta didn’t notify the exchange that he had resigned

https://www.businesstoday.in/latest/corporate/story/zomato-explains-why-it-didnt-inform-about-co-founder-gaurav-guptas-resignation-to-exchanges-307019-2021-09-18?utm_source=rssfeed Zomato explains why co-founder Gaurav Gupta didn’t notify the exchange that he had resigned

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