Section A – KMP Resignation Details
Name of Resigning KMP: Mr. Rajavelu N.K.
Designation: Chief Executive Officer – Crop Care Business
Reason for Resignation: To pursue an opportunity outside the Company.
Effective Date of Resignation: November 24, 2026 (close of business hours)
Date of Resignation Letter: September 21, 2026
Duration in Role: Not Specified
Board’s Acknowledgment / Statement: The Board of Directors noted the resignation on September 21, 2026, upon recommendation of the Nomination and Remuneration Committee.
Replacement Appointed: Mr. Sivaram Yadavalli was appointed as Interim Chief Executive Officer – Crop Care Business.
Regulatory Compliance Statement: Disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III to the Listing Regulations.
Delay in Disclosure: Not Specified
Section B – Additional Observations or Disclosures
Transition & Internal Role Reallocations: The resigning KMP is committed to ensuring a smooth transition and will work closely with the team over the coming weeks to hand over responsibilities effectively.
Successor Appointments: Mr. Sivaram Yadavalli, Head – Strategy & Business Development, has been appointed as the Interim Chief Executive Officer – Crop Care Business effective November 25, 2026. His brief profile is as follows:
- He has been Head of Strategy & Business Development at Godrej Agrovet since 2021.
- He leads the company's growth strategy, M&A, business transformation, and the incubation of new businesses.
- His professional background includes management consulting roles at Accenture, Strategy& (PwC), A.T. Kearney, and Tata Strategic Management Group.
- He has delivered projects in growth strategy, go-to-market, and operational excellence across multiple industries.
- He holds a gold medal in Business Management from XLRI, Jamshedpur and a gold medal in Engineering from College of Engineering, Guindy.
Section C – Financial & Governance Disclosures (If Present)
Audited Financial Results: Not Specified
Auditor’s Report Summary: Not Specified
Dividends / Capital Changes / Buybacks: Not Specified
Board / Committee Updates or Key Appointments: The appointment of the interim CEO was noted by the Board of Directors upon recommendation of the Nomination and Remuneration Committee.