Section A – KMP Resignation Details

  • Name of Resigning KMP: Mr. Ajith Pai Mangalore
  • Designation: Chief Operating Officer and Key Managerial Personnel (KMP)
  • Reason for Resignation: To pursue other entrepreneurial interests
  • Effective Date of Resignation: End of business hours on September 15, 2026
  • Date of Resignation Letter: August 8, 2026 (email timestamp 11:32 AM)
  • Duration in Role: Not Specified
  • Board’s Acknowledgment / Statement: The Company places on record its deep sense of appreciation for the services rendered by him and for his contributions to the Company
  • Replacement Appointed: Not Specified
  • Regulatory Compliance Statement: Disclosure made pursuant to Regulation 30 read with Schedule III of SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
  • Delay in Disclosure: No delay indicated - disclosure dated August 8, 2026 for resignation effective September 15, 2026

Analytical Add-On: The resignation appears to be strategic and planned, with sufficient notice period for transition. The reason cited suggests personal entrepreneurial ambitions rather than performance or regulatory issues. As COO, this resignation could impact operational continuity, though the resignation letter mentions that "new COOs have taken full control" and commits to smooth transition.

Section B – Additional Observations or Disclosures

  • Transition & Internal Role Reallocations: The resigning KMP remains committed to supporting the transition and ensuring all responsibilities are handed over smoothly. He mentions that "new COOs have taken full control" indicating existing internal succession planning.
  • Successor Appointments: Not explicitly mentioned in the disclosure, though reference to "new COOs" (plural) suggests the operational responsibilities may have already been distributed among multiple leaders.

Section C – Financial & Governance Disclosures

No financial results, auditor reports, dividends, capital changes, or additional board appointments disclosed in this filing.