Banco Products India Two Senior Marketing Executives Resign

Nature of change: Resignation of two Senior Management Personnel

Mr. Sujith Nair:

Designation: President - Marketing (OEM) / President - Sales & Marketing (BPIL & BGIL)
Date of cessation: 5th September, 2026 (after close of business hours)
Reason: Moving on for better prospects
Tenure: Over five years with the company
Achievements: Managed business growth from approximately monthly ₹42.5 crore in 2021 to achieving highest-ever monthly sales of over ₹72 crore
Notice period: Two-month notice period served, with last working day confirmed as 5th September 2026
Reported to: Mehul Sir, Sharan Sir, and Shivam Sir (Executive Director Sharan Patel acknowledged resignation)

Mr. Santosh Sawant:

Designation: Deputy General Manager - OEM Marketing (DGM - OEM Marketing)
Date of cessation: 9th September, 2026 (after close of business hours)
Reason: Family obligations requiring personal attention
Tenure: 19 days only (still in induction and orientation process)
Request: Waiver of notice period clause for mutual benefit and immediate relief from services
Handover: All company property including laptop and SIM card handed over to concerned department

Regulatory Compliance:

Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Company acknowledges inadvertent delay in intimation beyond prescribed timeline
Delay attributed to inadvertent oversight in ensuring timely regulatory intimation
Company commits to ensuring such delays do not recur and maintains commitment to highest standards of corporate governance, transparency, and regulatory compliance

Company Details: