Section A – KMP Resignation Details
- Name of Resigning KMP: Mr. Bhupendra Varasada
- Designation: Senior Managerial Personnel (Head of Operations - Saykha unit)
- Reason for Resignation: For better opportunity in other organization
- Effective Date of Resignation: July 08, 2026
- Date of Resignation Letter: July 08, 2026 (Annexure B shows date as 08/07/2028, but context indicates this is likely a typographical error and should be 08/07/2026)
- Duration in Role: Not Specified
- Board's Acknowledgment / Statement: Not Specified
- Replacement Appointed: Not Specified
- Regulatory Compliance Statement: Disclosure made pursuant to Regulation 30 read with Schedule III - Part A, Clause 7B of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023
- Delay in Disclosure: Not Specified
Analytical Add-On: The resignation appears routine and personal-career driven rather than performance-linked or regulatory-linked. The employee confirmed no material reasons for resignation beyond seeking better opportunities. As this is an operations role rather than CFO/CEO, the impact on financial reporting integrity or capital allocation decisions appears limited.
Section B – Additional Observations or Disclosures
- Transition & Internal Role Reallocations: Not Specified
- Successor Appointments: Not Specified
The resignation letter includes a no objection clause for the appointment of any other person as Senior Managerial Personnel due to this resignation.
Section C – Financial & Governance Disclosures
No financial results, auditor reports, dividends, capital changes, buybacks, or additional board/committee updates were disclosed in this filing.