Section A – KMP Resignation Details

  • Name of Resigning KMP: Mrs. Sasikala Raghupathy
  • Designation: Chairperson and Non-Executive Non-Independent Director
  • Reason for Resignation: Resignation submitted pursuant to amendment made to Articles of Association (AoA) by amending Article No. 31(4) of AoA by passing a Special Resolution at the Annual General Meeting of the Members of the Company held on 22nd September, 2026, providing for/giving effect to making Mr. Arjun Govind Raghupathy as the Chairman of the Board of Directors replacing her as Chairperson.
  • Effective Date of Resignation: 30th September 2026
  • Date of Resignation Letter: 30th September 2026
  • Duration in Role: Not Specified
  • Board’s Acknowledgment / Statement: The resignation letter acknowledges support from the Board of Directors and Management during her tenure.
  • Replacement Appointed: Mr. Arjun Govind Raghupathy is designated to become Chairman per the amended Articles of Association.
  • Regulatory Compliance Statement: Disclosure made pursuant to Regulation 30 of SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated 30th January 2026.
  • Delay in Disclosure: Not Specified

Analytical Add-On: The resignation appears strategic and routine, directly linked to a planned governance change approved by shareholders. It affects board leadership continuity but is not due to operational disagreements or performance issues. The transition is structured through formal Articles amendment, indicating planned succession.

Section B – Additional Observations or Disclosures

  • Transition & Internal Role Reallocations: Mrs. Raghupathy ceases to be member of Nomination and Remuneration Committee and Chairperson of Corporate Social Responsibility Committee effective 30th September 2026.
  • Successor Appointments: Mr. Arjun Govind Raghupathy is designated to become Chairman as per the amended Articles of Association. No further details on his qualifications or experience are provided in this disclosure.

Section C – Financial & Governance Disclosures

Not applicable - No financial results, auditor reports, dividends, capital changes, or other board appointments disclosed in this filing.