Section A – KMP Resignation Details
Name of Resigning KMP: Mr. Palghat Krishnan Venkatramani
Designation: Independent Director
Reason for Resignation: Completion of his second term as an Independent Director.
Effective Date of Resignation: Close of business hours on 9th November, 2026
Date of Resignation Letter: 9th November, 2026
Duration in Role: He was re-appointed for a five-year term with effect from 10th November, 2021.
Board’s Acknowledgment / Statement: The company confirmed there is no material reason for his resignation other than the completion of his tenure as stated by him.
Replacement Appointed: Not Specified
Regulatory Compliance Statement: The disclosure is submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The required information under Regulation 30 read with Schedule III - Para A(7B) is provided in Annexure A.
Delay in Disclosure: The event occurred on November 9, 2026, at 6:00 PM. The disclosure was made to the exchanges on November 10, 2026. No delay is indicated.
Section B – Additional Observations or Disclosures
Transition & Internal Role Reallocations: The resignation results in the cessation of his membership on the following Board committees: 1. Audit Committee, 2. Nomination and Remuneration Committee, 3. Corporate Social Responsibility Committee, 4. Risk Management Committee. No information is provided on interim role reallocations or a planned succession for these committee positions.
Successor Appointments: Not Specified
Section C – Financial & Governance Disclosures
This section is not applicable to the provided data. The document is solely a disclosure regarding the resignation of an Independent Director and does not contain any audited financial results, auditor's reports, dividend announcements, capital changes, or other board appointments.