Key Details of the Event

Resignation: Mr. Pravin Shetty, Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of Heranba Industries Limited, has tendered his resignation.

Date of Resignation Letter: The resignation letter is dated October 26, 2026.

Effective Date of Cessation: His resignation is effective from the close of business hours on December 31, 2026.

Reason for Resignation: The reason for cessation is resignation due to "Personal and Family Commitments," as stated in the attached resignation letter and detailed in Annexure A.

Contents of Resignation Letter

Mr. Pravin Shetty addressed his resignation to R K Shetty (MD) and S K Shetty (Chairman), citing personal and family commitments requiring greater attention. He stated that over the past 12 months he has endeavored to discharge his responsibilities with commitment and professionalism and has substantially completed key assignments entrusted to him, including a "Consortium Funding exercise," which is noted to be in its final stages. He requests the Board to accept his resignation.

Transition Period: To ensure a smooth transition, Mr. Shetty is willing to continue supporting the organization until December 31, 2026, or an earlier mutually agreed-upon date, and will extend full cooperation for the handover of responsibilities.

Settlement Request: The resignation letter includes a request for his full and final settlement to be processed on his last working day. This requested settlement includes payment of the performance bonus component of his CTC on a pro-rata basis up to his last working day, along with all other eligible dues.

Company's Action and Future Steps

The company states that it "shall identify a suitable candidate to fill the vacancy caused by the resignation of the CFO, and the same will be filled within the timelines prescribed under applicable laws." It further commits that any updates will be disclosed to the stock exchanges as per SEBI LODR Regulations.

Regulatory and Compliance Information

Disclosure Made To: BSE Limited (Scrip Code: 543266) and the National Stock Exchange of India (Symbol: HERANBA).

Regulatory Reference: Disclosure is made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.

Circular Reference: The filing also references SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Annexure: Annexure A is provided, containing the details required by the aforementioned SEBI circular.

Financial Impact

No immediate financial impact is quantified in the disclosure. The potential future outflow related to the pro-rata performance bonus and other settlement dues is contingent upon the board's acceptance of the resignation terms.

#Tags: #HeranbaIndustries #ManagementChange #SEBILODR #Regulation30 #CFOResignation