"Pleased to inform that promoter... is no more", says company in exchange filing

It may clearly have been an oversight, but a corporate filing now going viral on social media is proving right the adage, 'The world is a cruel place'.

The filing in question had these words: "Pleased to inform that promoter... is no more" and is now the source of a lot of mirth on social media.

A Twitter user named Dukhi Aatma shared the post with the caption, "Dear investors, the world in a cruel place once you are gone. look at AK Spintex folks. Vakil Saheb @RURALINDIA, see how company secretaries using old template/wrong template changes the meaning. Can something be done to correct the issue."



The stock exchange filing reads, "We are pleased to inform that promoter of our company Smt. Saroj Devi Chhabra holding 4,41,000 Shares (8.76%) is no more in this world. You are requested to please take on record the above-said information of the company for your reference and further do the needful."

In the post, it appears that the company secretary and compliance officer Ashish Bagrecha signed the notice.

Netizens also took a dig at the goof-up.

One Twitterati said, "you never know how much the old promoter would have troubled the staff...No one puts their head into these drafts for sure... it's mechanical.."


Another mentioned the similarity between this and the suspension letter, saying, "Noticed the same format in a suspension letter recently. Don't think the boss should express pleasure formally."


One netizen blamed the company secretary and said, "the company secretary has become complacent do that he is signing without reading the letter. And then they say they are busy people."

Another Twitter fellow said, "He might made a mistake with "regret to inform" but how he made so serious mistake?? RIP "