Section A – KMP Resignation Details

  • Name of Resigning KMP: Mr. Ajay Shriram Patil
  • Designation: Non-Executive Independent Director
  • Reason for Resignation: Professional and personal commitments requiring greater time and attention
  • Effective Date of Resignation: Close of business hours on October 01, 2026
  • Date of Resignation Letter: October 01, 2026
  • Duration in Role: Not Specified
  • Board's Acknowledgment / Statement: Board noted the resignation and placed on record its sincere appreciation for the valuable contributions, guidance and services rendered by Mr. Ajay Patil during his tenure
  • Replacement Appointed: Not Specified
  • Regulatory Compliance Statement: Disclosure made pursuant to Regulation 30 of SEBI Listing Regulations read with SEBI Master Circular no HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
  • Delay in Disclosure: Not Specified - disclosure made on same day

Analytical Add-On: The resignation appears routine and planned, citing time constraints due to increasing professional and personal commitments. The director specifically mentioned that the role requires appropriate engagement and adequate time to discharge responsibilities relating to governance, compliance and oversight effectively.

Section B – Additional Observations or Disclosures

  • Transition & Internal Role Reallocations: Not Specified
  • Successor Appointments: Not Specified

Section C – Financial & Governance Disclosures

Not Specified - No financial results, auditor reports, dividends, capital changes, or other board appointments disclosed in this filing.

Additional Director Information

Mr. Ajay Shriram Patil holds directorships in other listed entities:

  • Kirloskar Ferrous Industries Limited (KFIL) - Joint Managing Director
  • Ingersoll-Rand (India) Limited - Independent Director

Committee Memberships at Ingersoll-Rand (India) Limited:

  • Audit Committee
  • Stakeholders Relationship Committee (SRC)
  • Nomination and Remuneration Committee (NRC)
  • Risk Management Committee (RMC)

Board Meeting Details

The Board meeting where the resignation was noted commenced at 03.45 p.m. and concluded at 4.05 p.m. on October 01, 2026.