Section A – KMP Resignation Details
Name of Resigning KMP: Mr. Banwari Lal Sharma
Designation: Chief Executive Officer – Consumer Business, designated as Senior Management Personnel.
Reason for Resignation: To pursue new opportunities.
Effective Date of Resignation: August 25, 2026
Date of Resignation Letter: The resignation letter was sent via email on August 25, 2026.
Duration in Role (if available): Mr. Sharma mentioned a tenure of "more than 22 years" with the organization in his resignation letter.
Board’s Acknowledgment / Statement: The company stated that the "Consumer Business will continue to be led by the existing leadership team under the strategic guidance of Mr. Vinay Sanghi, Chairman and Managing Director, ensuring continuity in the business and its ongoing strategic initiatives."
Replacement Appointed (if any): Not Specified. No immediate successor was announced.
Regulatory Compliance Statement (SEBI LODR, Circulars): The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The required annexure (Annexure I) was provided.
Delay in Disclosure (if applicable): Not Specified. The disclosure letter is dated the same day as the effective resignation date (August 25, 2026).
Section B – Additional Observations or Disclosures
Transition & Internal Role Reallocations: The existing leadership team for the Consumer Business will report to Mr. Vinay Sanghi, Chairman and Managing Director, to ensure continuity.
Successor Appointments: Not Specified.
Section C – Financial & Governance Disclosures
This section is not present in the provided data. The disclosure pertains solely to the management resignation.