Key Personnel Change
Ms. Sukhpreet Kaur Bedi, General Manager of Business Development for the Hotel Unit, has resigned from her position as part of the senior management team. Her resignation is effective from November 6, 2026.
Reason for Resignation
The resignation was submitted due to personal reasons, as stated in her resignation letter dated October 28, 2026. The resignation letter specifically mentioned that the cessation of duties would take effect at the close of business hours on November 6, 2026.
Additional Details
The annexure confirmed that no director relationships disclosure was applicable (Item 5) and no brief profile was required (Item 4) as this was a cessation rather than an appointment. The company's compliance officer, Aaina Gupta, signed and submitted the disclosure to both BSE Limited (Scrip Code: 532896) and National Stock Exchange India Limited (Scrip Code: MAGNUM) on November 12, 2026.
Transition Assurance
In her resignation letter, Ms. Bedi committed to ensuring a smooth transition and handover of responsibilities before her relieving date, and expressed gratitude to the Board of Directors, management, and colleagues for their support during her tenure.
#Tags: #MagnumVentures #SEBIRegulation30 #ManagementChange #CorporateGovernance #Neutral