Section A – KMP Resignation Details
- Name of Resigning KMP: Mr. Vaibhav Chetan Shah
- Designation: Non Executive Independent Director
- Reason for Resignation: Other professional commitments
- Effective Date of Resignation: 26th May, 2026
- Date of Resignation Letter: 26th May, 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 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September 2015
- Delay in Disclosure: Not Specified
Analytical Add-On: The resignation appears routine and personal-professional in nature, citing other professional commitments as the sole reason. The director has confirmed no other material reasons exist. As an Independent Director, this change affects board composition and committee memberships but does not directly impact day-to-day financial reporting or operational continuity.
Section B – Additional Observations or Disclosures
- Transition & Internal Role Reallocations: The resignation includes immediate cessation from all Board Committees where Mr. Shah was a member. No information provided about interim arrangements or internal reallocations.
- Successor Appointments: No successor has been appointed or announced as part of this disclosure.
Section C – Financial & Governance Disclosures
This section does not contain any financial results, auditor reports, dividends, capital changes, or other board appointments beyond the resignation disclosure.