'It was pleased to announce the death of the promoter' Indian firm says in corporate filing; furious netizens troll company

Since then the corporate filing screenshot has gone viral on social media with users taking a jibe in the incident with their humorous and sarcastic comments.

New Delhi: In its corporate filing, an Indian firm based out of Rajasthan wrote “It was pleased to announce the death of the promoter." A screenshot of the corporate filing is showing to inform the general manager of BSE about the death of the company's promoter by using a template.

A.k Spintex, a Rajasthan-based textile firm, was made the error of its corporate filing submission to the Bombay Stock Exchange on 25 August. Interestingly, the notice was signed by Ashish Bagrecha, AK Spintex's company secretary and compliance officer.

Since then the corporate filing screenshot has gone viral on social media with users taking a jibe at the incident with their humorous and sarcastic comments. The entire process shows the lackadaisical approach by the company’s officer to sign an important document without giving it a read and sent to the stock exchange.

One Twitter user while posting the screenshot of the corporate filing wrote, “Dear investors, the world is in a cruel place once you are gone. look at AK Spintex folks…see how company secretaries using old template/wrong template changes the meaning. Can something be done to correct the issue. Can something be done to correct the issue.”

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. #stockmarketnews pic.twitter.com/2QPWkmdmKe

— D - Dukhi Aatma  (@_setoodeh) August 26, 2022

Another user commented sarcastically  that the company should consider removing  the secretary and compliance officer of the company, “We are pleased to inform...." Perhaps AK Spintex should consider reducing the workload on Mr. Ashish Kumar Bagrecha.”

"We are pleased to inform...."
Perhaps AK Spintex should consider reducing the work load on Mr. Ashish Kumar Bagrecha pic.twitter.com/LuG2FRkL2C

— Rahul (@PsychotronV1) August 26, 2022