The food delivery platform said in a regulatory filing that
Its cofounder Gaurav Gupta exits no warrant Disclosure to stock exchanges.

The filing came from Zomato as Bombay Stock Exchange Clarification sought from the company on Friday regarding Gupta Resignation announced by the founder Deepinder Goyal On the same day on microblogging platform Twitter.

With reference to your email dated September 17, 2021 on the subject of subtitle, we would like to submit that Mr. Gaurav Gupta has not been designated as a key managerial personnel under companies Act, 2013 and Listing Regulations,” the company wrote.

“We would further like to submit that Mr. Gupta joined the company (2015) and was subsequently named as one of the cofounders (2019) and head of supply (2021). However, he was neither a promoter nor held any equity share in the company. therefore, his Go out The listing from the company does not warrant any disclosure under the Regulations,” it said.

The food ordering platform further said that no such information or announcement is pending from the company, which may have a bearing on the price or volume behavior in the scrip.

Gupta, who
Played a key role in driving the initial public offering (IPO) of the food distribution platform. Earlier this year, was listed in the company’s red herring prospectus as key managerial personnel. He announced his resignation from the company which is facing many changes
After its stellar list.

Read also:
Zomato eliminates grocery delivery for the second time

CEO Goyal wrote on Twitter on Friday, ‘Thank you Gaurav Gupta – the last six years have been wonderful and we have come a long way. Our journey is still ahead, and I am grateful that we have a great team and leadership to look forward to,” wrote Goyal.