Section A – KMP Resignation Details
- Name of Resigning KMP: Mr. Alexis Benjamin Riols
- Designation: Executive Director & Deputy CEO
- Reason for Resignation: Group ADP, the co-promoter of the Company, has withdrawn its nomination of Mr. Riols owing to Group ADP's organizational changes. The resignation letter from Mr. Riols states "due to my other professional commitments and engagements."
- Effective Date of Resignation: October 08, 2026
- Date of Resignation Letter: October 07, 2026
- Duration in Role: Not Specified
- Board’s Acknowledgment / Statement: Not Specified
- Replacement Appointed: Group ADP has nominated a replacement for Mr. Riols, which shall be taken up for approvals in due course and intimated separately.
- Regulatory Compliance Statement: Disclosure made under Regulations 30 & 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular bearing Ref. No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
- Delay in Disclosure: No delay indicated; disclosure dated October 08, 2026, same day as effective resignation date.
Analytical Add-On: The resignation appears to be strategic and linked to organizational changes at the co-promoter level (Group ADP). Mr. Riols continues as a Non-Executive Director, suggesting maintained governance continuity. The resignation affects operational leadership but not board representation.
Section B – Additional Observations or Disclosures
- Transition & Internal Role Reallocations: Mr. Riols will continue to be on the Board of the Company as a Non-Executive, Non-Independent Director.
- Successor Appointments: Group ADP has nominated a replacement for Mr. Riols, which shall be taken up for approvals in due course and intimated separately. No details on qualifications or experience provided.
Section C – Financial & Governance Disclosures
Not applicable as the disclosure contains no financial results, auditor reports, dividends, capital changes, or other board appointments beyond the resignation matter.