Nature of the Event
Resignation of a key managerial personnel.
Details of Resignation
Mrs. Amrita P. Deodhar resigned from the post of Chairperson and Whole-time Director of the company. Her resignation is effective from the close of business hours on May 31, 2026.
Reason for Resignation
The reason for her resignation, as stated in her letter dated May 26, 2026, is "pre-occupation elsewhere, because of which I would not be able to tender my responsibilities/duties towards the company." She has confirmed that there are no other material reasons for her resignation.
Committee Memberships Ceased
Consequent to her resignation from the Board, she has also ceased to be a member of the following Board committees:
- Audit Committee
- Stakeholders Relationship Committee
- Nomination and Remuneration Committee
Board Acknowledgement
The Board of Directors placed on record its appreciation for the valuable contribution and guidance provided by Mrs. Amrita P. Deodhar during her association with the company.
Financial Impact
No financial impact is quantified or discussed in the disclosure.