Advertisement
Thursday, Oct 21, 2021
Outlook.com
Outlook.com

Co-Founder Gaurav Gupta's Exit Does Not Warrant Any Disclosure Under Listing Regulation: Zomato

Zomato was replying to BSE's 17th September circular seeking clarification from the aggregator for not disclosing Gupta's exit.

Co-Founder Gaurav Gupta's Exit Does Not Warrant Any Disclosure Under Listing Regulation: Zomato
Co-Founder Gaurav Gupta's Exit Does Not Warrant Any Disclosure Under Listing Regulation: Zomato
outlookindia.com
2021-09-18T20:20:43+05:30

Online restaurant aggregator Zomato said it did not communicate the exit of its co-founder Gaurav Gupta to the Bombay Stock Exchange as he was not designated as a key managerial personnel under the Companies Act, 2013 and listing regulations. Zomato added that he was neither a promoter nor a holder of equity shares in the company. "Further, there is no pending information or announcement from the Company which may have a bearing on the price / volume behavior in the scrip and all material information has been disclosed by the Company within the stipulated timelines", the aggregator said in a BSE filing. 

Gupta had joined the company in 2015 and was designated as one of the co-founders in 2019 and Head of Supply in 2021. 

Zomato was replying to BSE's 17th September circular seeking clarification from the aggregator for not disclosing Gupta's exit. 

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

SpiceJet Introduces Special Livery To Mark India's 100 Crore Feat In Covid-19 Vaccination

SpiceJet Introduces Special Livery To Mark India's 100 Crore Feat In Covid-19 Vaccination

SpiceJet Chairman and Managing Director Ajay Singh said the reaching of 100-crore-dose milestone in mere 279 days was testament to the efforts of health workers.

Serum Institute Of India Eyes Exports With Enhanced Covid-19 Vaccine Output: Adar Poonawalla

Serum Institute Of India Eyes Exports With Enhanced Covid-19 Vaccine Output: Adar Poonawalla

The company’s CEO Adar Poonawalla said the company would be able to export 20 to 30 million Covid-19 vaccine doses in November this year.

Football Risks Losing Its Appeal, Warns FIFA Chief Gianni Infantino

Football Risks Losing Its Appeal, Warns FIFA Chief Gianni Infantino

Infantino made it clear that his organisation — a behemoth in the world of sports — is not solely guided by revenue.

WHO, World Leaders Laud India's 100 Crore Covid Vaccination Landmark

WHO, World Leaders Laud India's 100 Crore Covid Vaccination Landmark

India’s historic 100 crore Covid-19 vaccination landmark is being lauded globally, with WHO appreciating the country’s efforts in combating the pandemic.

Advertisement