Section A – KMP Resignation Details
- Name of Resigning KMP: Shri Hiralal Mahidas Tilva
- Designation: Chairman & Managing Director and Director
- Reason for Resignation: Age factor & health issues; attainment of age limit for retirement
- Effective Date of Resignation: Closing of business hours on Thursday, 05th November, 2026
- Date of Resignation Letter: 03rd November, 2026
- Duration in Role: Not Specified
- Board's Acknowledgment: The Board of Directors approved and accepted his resignation in the board meeting held on 05th November, 2026
- Replacement Appointed: Not Specified
- Regulatory Compliance Statement: Disclosure made pursuant to Regulation 30 read with Schedule III and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Delay in Disclosure: Not Specified
Analytical Add-On: The resignation appears routine and personal (age and health related) rather than performance-linked or regulatory-linked. As Chairman & Managing Director, this affects top leadership continuity and strategic direction. The resignation includes both executive and director roles, indicating complete departure from company governance.
Section B – Additional Observations or Disclosures
Not Specified
Section C – Financial & Governance Disclosures
Not Specified