Key Personnel Change

  • Name: Mr. Jagdish Baheti
  • Position: Chief Financial Officer (Key Managerial Personnel)
  • Resignation Date: Effective close of business hours on April 30, 2026
  • Reason for Resignation: Personal reasons

Regulatory Compliance Details

Disclosure includes Annexure I in terms of SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/155 dated November 11, 2024:

  • Date of resignation/cessation: April 30, 2026
  • Brief Profile: Not Available (NA)
  • Relationships between directors: Not Available (NA)
  • Letter of Resignation with detailed reasons: Attached

Email Correspondence Timeline

March 16, 2026: Jagdish Baheti initially submits resignation to Managing Director Viraj Kalyani, citing personal reasons and requesting acceptance.

March 25, 2026: Viraj Kalyani responds that Baheti must serve 3 months notice period and complete Q4 and FY26 audit with smooth handover to successor.

April 6-8, 2026: Baheti follows up multiple times requesting meeting with management to discuss relieving date, noting he had not received acknowledgment of his resignation.

April 11, 2026: Viraj Kalyani confirms Baheti should serve in office until at least April 30, 2026, with remote availability thereafter for audit coordination.

April 13-14, 2026: Baheti communicates inability to continue until April 30 due to travel and relocation plans, but offers to support team remotely for quarterly closing and audit finalization.

April 15, 2026: Chief HR Officer Kedar Nimbalkar formally directs Baheti to complete all pending tasks including quarterly closing and audit finalization prior to April 30 relieving date, and ensure proper handover to successor.

Handover and Transition Requirements

  • Completion of quarterly closing and audit finalization mandated before departure
  • Proper and complete handover of responsibilities to successor required
  • Baheti created a folder on Finance sharing common folder with all his data
  • Agreement for remote support availability after April 30 for team and auditor discussions

Financial Impact

Financial impact not quantified in the disclosure.

Governance and Compliance

  • Disclosure signed by Viraj G. Kalyani, Managing Director (DIN: 02268846)
  • Digital signature timestamp: June 10, 2026 12:20:50 +05:30
  • Filed with both BSE and NSE