Section A – KMP Resignation Details

  • Name of Resigning KMP: Mr. Raj Kumar Poddar
  • Designation: Independent Director
  • Reason for Resignation: Attaining the age of 75 years, in adherence to the age-related guidelines prescribed under Regulation 17(1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Effective Date of Resignation: June 12, 2026 (close of business hours)
  • Date of Resignation Letter: June 12, 2026
  • Duration in Role: Not Specified
  • Board’s Acknowledgment / Statement: The Board of Directors placed on record its sincere appreciation for the support, guidance and valuable contribution made towards the growth of the Company during his association as an Independent Director.
  • Replacement Appointed: Not Specified
  • Regulatory Compliance Statement: The intimation is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details required under the SEBI Listing Regulations and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are provided in Annexure A.
  • Delay in Disclosure: Not Specified. The board meeting where the resignation was taken on record was held on the same day (June 12, 2026) and the disclosure was signed on the same day (June 12, 2026 at 17:03:43).

Analytical Add-On: The resignation is a routine, regulatory-linked event due to age-based retirement guidelines. It does not appear abrupt or linked to performance or governance issues. The director confirmed no other material reasons for stepping down. The cessation affects board composition and committee memberships but is a planned governance event.

Section B – Additional Observations or Disclosures

  • Transition & Internal Role Reallocations: Mr. Raj Kumar Poddar ceased to be a Member of the Audit Committee and the Nomination & Remuneration Committee of the Board of the Company with effect from June 12, 2026. No information is provided on interim role reallocations within these committees.
  • Successor Appointments: The disclosure does not mention the appointment of a successor Independent Director or new committee members.

Section C – Financial & Governance Disclosures (If Present)

This section is not applicable as the disclosure is solely regarding the resignation of the Independent Director and contains no financial results, auditor reports, dividends, capital changes, or other board appointments.