Section A – KMP Resignation Details

  • Name of Resigning KMP: Mr. Vineet Sahni
  • Designation: CEO & Whole-time Director (Key Managerial Personnel)
  • Reason for Resignation: Personal reasons and decision to pursue other interests.
  • Effective Date of Resignation: End of day on May 31, 2026.
  • Date of Resignation Letter: May 19, 2026.
  • Duration in Role: Not Specified.
  • Board’s Acknowledgment / Statement: The Board placed on record its deep appreciation for the valuable contribution made by Mr. Vineet Sahni during his tenure and wished him success in his future endeavours.
  • Replacement Appointed: Not Specified.
  • Regulatory Compliance Statement: The disclosure is made pursuant to Regulation 30 read with Schedule III - Para A.7 and 7C of Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
  • Delay in Disclosure: Not Specified. The initial resignation was disclosed on May 19, 2026, and this update on its acceptance was made on May 30, 2026.

Analytical Add-On: The resignation of the CEO & Whole-time Director is a significant leadership change. The reason cited is personal, suggesting a routine departure rather than one linked directly to performance or regulatory issues. The Board's positive acknowledgment indicates an amicable exit. The effective date is immediate (next day), which could suggest a pre-planned transition, though a successor is not announced, potentially creating a short-term leadership vacuum.

Section B – Additional Observations or Disclosures

  • Transition & Internal Role Reallocations: No information is provided on interim arrangements or internal reallocations of duties following the resignation.
  • Successor Appointments: No successor has been appointed or announced as part of this disclosure.

Section C – Financial & Governance Disclosures

This section is not applicable as the document contains no financial results, auditor reports, dividend announcements, or other board appointments beyond the resignation.