Section A – KMP Resignation Details

  • Name of Resigning KMP: Mr. Ashwath Bhat
  • Designation: Chief Financial Officer & Group Chief Financial Officer and Key Managerial Personnel
  • Reason for Resignation: Personal reasons. The resignation letter states the decision is "purely professional in nature and that there is no other material reason associated with the same."
  • Effective Date of Resignation: Close of business hours (IST) on July 24, 2026
  • Date of Resignation Letter: July 6, 2026
  • Duration in Role (if available): Over 5 years (mentioned in resignation letter)
  • Board’s Acknowledgment / Statement: The company places on record its "sincere appreciation for his valuable contribution throughout his association with the Company."
  • Replacement Appointed (if any): The company is in the process of appointing a new Chief Financial Officer. The appointment will be communicated to the stock exchanges in due course.
  • Regulatory Compliance Statement: 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, as amended.
  • Delay in Disclosure (if applicable): Not Specified

Analytical Add-On: The resignation is effective after a notice period, allowing for a transition. The outgoing CFO will conduct the upcoming earnings call, suggesting a planned and orderly handover. The stated reason is personal/professional, and the resignation does not appear abrupt.

Section B – Additional Observations or Disclosures

  • Transition & Internal Role Reallocations: Mr. Bhat will continue in his current role until relieved on July 24, 2026. This includes conducting the earnings call for the financial results for the quarter ended June 30, 2026, scheduled for July 24, 2026.
  • Successor Appointments: A successor has not been appointed yet. The company is in the process of appointing a new CFO.

Section C – Financial & Governance Disclosures (If Present)

This section is not applicable as the disclosure is solely regarding the resignation of the KMP. No audited financial results, auditor's report, dividends, or other board updates were disclosed in the provided data.