The key item of business transacted was the resignation of Mr. Akhilkumar Kotak (DIN: 11462460) from his position as Executive Director (Professional) of the company. His resignation is effective from 12th November 2026.
The stated reason for his resignation, as provided in his resignation letter and detailed in Annexure A, is "pre-occupation with other professional commitments."
Mr. Kotak has confirmed that there are no other material reasons for his resignation beyond those mentioned in his letter. The disclosure also notes that there are no disclosed relationships between directors (item 7 in Annexure A is marked 'NIL').
The Board meeting commenced at 1:30 PM and concluded at 2:00 PM on the same day.
The disclosure was signed and submitted by Ms. Deepshikha Khandelwal, Company Secretary & Compliance Officer (Membership No. A63840), to the Listing Departments of both the BSE Limited and the National Stock Exchange of India Ltd. It was filed in compliance with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September 2015 and SEBI/HO/CFD/CFD‐PoD 1/P/CIR/2023/123 dated 13th July, 2023.
No financial impact of this management change is quantified in the disclosure.