Section A – KMP Resignation Details

  • Name of Resigning KMP: Mr. Prasad Menon
  • Designation: Chief People Officer and Senior Management Personnel
  • Reason for Resignation: Personal exigencies
  • Effective Date of Resignation: Close of business hours on December 31, 2026
  • Date of Resignation Letter: November 11, 2026
  • Duration in Role: Not Specified
  • Board’s Acknowledgment / Statement: The Company places on record its sincere appreciation for the valuable contributions and services rendered by Mr. Prasad Menon during his tenure and wishes him success in his future endeavours.
  • Replacement Appointed: Not yet appointed. The Company has initiated the process of identifying a suitable successor for the position of Chief People Officer and is evaluating appropriate candidates for the role.
  • Regulatory Compliance Statement: Disclosure made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations") and the SEBI Master Circular dated January 30, 2026.
  • Delay in Disclosure: Not Specified

Analytical Add-On: The resignation appears routine and personal in nature, with a notice period of approximately 7 weeks provided for transition. As the Chief People Officer role focuses on human resources rather than direct financial reporting or capital allocation, the immediate impact on financial integrity or operational continuity appears limited. The company has stated a clear succession planning process is underway.

Section B – Additional Observations or Disclosures

  • Transition & Internal Role Reallocations: Mr. Menon has committed to a smooth and well-supported handover, working closely with the leadership team through the transition until December 31, 2026. He has also offered to provide time and advice to support his successor beyond this date if the Company finds it useful.
  • Successor Appointments: The process of identifying a suitable successor has been initiated, with appropriate candidates being evaluated for the role. No specific candidate details are provided.

Section C – Financial & Governance Disclosures (If Present)

This section does not contain any financial results, auditor's reports, dividends, capital changes, buybacks, or other board/committee updates beyond the resignation disclosure.