Section A – KMP Resignation Details
- Name of Resigning KMP: Ms. Darshana Shah
- Designation: Chief Marketing Officer, Senior Management Personnel (SMP)
- Reason for Resignation: To explore larger business/geography roles and pursue ambition to run a company as CEO with international exposure (APAC or EMEA markets)
- Effective Date of Resignation: 31 May 2026 (close of business hours)
- Date of Resignation Letter: 4 March 2026 (as per email correspondence in Annexure B)
- Duration in Role: 3.5 years as CMO (since 2022), total 10+ years with the company
- Board's Acknowledgment / Statement: Resignation has been accepted by the Company
- Replacement Appointed: Not Specified
- Regulatory Compliance Statement: Disclosure made under Regulation 30 read with Para A of Part A of Schedule III of SEBI Listing Regulations. Complied with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 (as amended)
- Delay in Disclosure: Not Specified
Analytical Add-On: The resignation appears strategic and career-growth oriented rather than performance-linked or abrupt. The departing executive expressed positive sentiments about her tenure and growth at the company. As a CMO role, this change is unlikely to significantly impact financial reporting integrity or capital allocation decisions, though it may affect marketing strategy continuity.
Section B – Additional Observations or Disclosures
- Transition & Internal Role Reallocations: Ms. Shah will serve her required notice period at ABC. The resignation email was addressed to Vishakha Mulye and copied to Subhro Bhaduri, indicating internal notification processes.
- Successor Appointments: Not Specified
Section C – Financial & Governance Disclosures
This section does not contain any financial results, auditor's reports, dividends, capital changes, or additional board appointments beyond the resignation disclosure.