Reliable Data Services Receives Warning Letters from NSE and BSE for Delayed Disclosure
Reliable Data Services Limited received warning letters from NSE (April 29, 2026) and BSE (April 27, 2026) for delayed disclosure of Independent Director Mr. Ashwini Jha's resignation. The resignation was on July 2, 2022, but disclosed on September 23, 2025. The company has assured corrective actions.
While the issue has been addressed with corrective actions, warning letters from stock exchanges can impact investor confidence and perception of corporate governance.
The company received warning letters from stock exchanges due to a significant delay in regulatory disclosures, indicating a lapse in compliance.
Reliable Data Services Limited has received warning letters from both the National Stock Exchange of India Limited (NSE) and BSE Limited regarding a significant delay in disclosing the resignation of an Independent Director.
The NSE issued its warning letter on April 29, 2026, and BSE issued its letter on April 27, 2026. The company acknowledged receipt of the NSE's letter and expressed sincere regret for the delay in submitting the disclosure pertaining to the resignation of Mr. Ashwini Jha, an Independent Director. The resignation had actually occurred on July 2, 2022, but the disclosure was only made on September 23, 2025.
The company attributed the delay to an unintentional wrong interpretation of facts and relevant provisions. Reliable Data Services Limited has assured both exchanges that necessary corrective steps have been taken to ensure such incidents do not recur and reiterated its commitment to adhering to all regulatory requirements and maintaining high standards of corporate governance.
What to do with a filing like this
Reliable Data Services Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Reliable Data Services Limited. Read the original for the full detail.