Gupta’s exit doesn’t warrant disclosure under listing regulations: Zomato

Online food delivery platform Zomato on Saturday said it did not disclose the exit of its co-founder Gaurav Gupta to the bourses as he was not designated as a key managerial personnel, nor was he a promoter of the company.

Replying to a clarification sought by BSE, Zomato in a regulatory filing said, “…we would like to submit that Mr. Gaurav Gupta is not designated as a key managerial personnel under the Companies Act, 2013, and the Listing Regulations.”

It further said that Gupta joined the company in 2015 and was subsequently designated as one of the co-founders in 2019 and Head of Supply in 2021.