The resignation was submitted via letter dated 06.11.2026 and took effect from the same date (06.11.2026). Mr. Sharma cited "unexplainable reasons" as the reason for his resignation in his resignation letter.
Consequently, Mr. Sharma ceased to be a Director, Executive Director, and Key Managerial Personnel of the Company with effect from 06.11.2026. He also resigned from all Committees of the Board, if any.
Mr. Sharma had served on the board for approximately five years. The Board of Directors and management placed on record their sincere appreciation for his valuable services and contributions during his tenure.
Key Details from Annexure-A:
- Reason for change: Resignation citing "unexplainable reasons"
- Date of cessation: 06.11.2026
- Shareholding in the Company: Nil
- Brief profile: Not applicable (as this is a resignation)
- Disclosure of relationships between directors: Not applicable
- Affirmation regarding debarment: Not applicable
The resignation letter from Mr. Sharma, addressed to the Board of Directors, stated: "Due to unexplainable reasons. I hereby tender resignation from Executive Directorship of the Company." He requested acceptance of his resignation and relief from his duties effective 06.11.2026, along with the necessary filings with the Registrar of Companies and Stock Exchanges.
The communication was signed by Mr. Ilyas Nasir Khan (DIN: 08060920), Director of K&R Rail Engineering Limited.