Section A – KMP Resignation Details
- Name of Resigning KMP: Mr. Vikas Poddar
- Designation: Chief Financial Officer and Key Managerial Personnel
- Reason for Resignation: To pursue a new professional opportunity outside the Company
- Effective Date of Resignation: Closure of business hours on August 18, 2026
- Date of Resignation Letter: May 21, 2026
- Duration in Role: Not Specified
- Board’s Acknowledgment / Statement: The Board placed on record its sincere appreciation for Mr. Poddar's contributions to the Company, noting he played an important role in advancing the Company's strategic initiatives and upholding high standards of corporate governance and financial transparency
- Replacement Appointed: Not Specified
- Regulatory Compliance Statement: Disclosure made under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
- Delay in Disclosure: Not Specified - disclosed on May 22, 2026 for resignation tendered on May 21, 2026
Analytical Add-On: The resignation appears to be a planned transition for career advancement purposes rather than abrupt, with a full notice period served until August 18, 2026. As CFO resignation, this affects financial reporting oversight and requires careful transition planning for financial continuity.
Section B – Additional Observations or Disclosures
- Transition & Internal Role Reallocations: Mr. Poddar will serve the notice period to enable a smooth transition. No specific internal reallocations mentioned.
- Successor Appointments: Not Specified - no replacement CFO announced in this disclosure.
Section C – Financial & Governance Disclosures
Not Present in this disclosure - no financial results, auditor reports, dividends, capital changes, or additional board appointments mentioned.