Section A – KMP Resignation Details
- Name of Resigning KMP: Mr. Harshavardhan Sinha (DIN: 09439148)
- Designation: Non-Executive Non-Independent Director
- Reason for Resignation: Need to be based substantially more in the UK over coming months to meet UK residence and immigration requirements, preventing ability to devote required time and presence in India for the Board role.
- Effective Date of Resignation: September 19, 2026 (with immediate effect)
- Date of Resignation Letter: September 19, 2026
- Duration in Role: Not Specified
- Board’s Acknowledgment / Statement: Not Specified
- Replacement Appointed: Not Specified
- Regulatory Compliance Statement: Disclosure made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III thereto, and SEBI Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.
- Delay in Disclosure: Disclosure dated September 21, 2026 for resignation effective September 19, 2026 – appears timely.
Analytical Add-On: Resignation appears routine and personal circumstance-driven (immigration requirements) rather than performance-linked or abrupt. As a Non-Executive Non-Independent Director, the resignation is unlikely to directly affect financial reporting integrity, capital allocation decisions, or operational continuity. No governance risks are indicated as the resignation does not coincide with audit remarks, weak performance, or regulatory matters.
Section B – Additional Observations or Disclosures
- Transition & Internal Role Reallocations: Not Specified
- Successor Appointments: Not Specified
Section C – Financial & Governance Disclosures
No financial results, auditor reports, dividends, capital changes, buybacks, or other board/committee updates are disclosed in this filing. The document solely concerns the director resignation.