Spinaroo Commercial has clarified the delay in updating the Stock Exchange about the resignation and subsequent appointment of its Company Secretary & Compliance Officer.

The company attributes this to an administrative oversight during the transition, as management prioritized ensuring ongoing statutory and secretarial functions.

It emphasizes the delay was unintentional and procedural, with no intent to withhold material information.

Spinaroo has now completed the necessary filings and enhanced its internal compliance monitoring to ensure timely disclosures going forward, addressing this reporting lapse.