Section A – KMP Resignation Details
- Name of Resigning KMP: Mr. Kamal P Parmar
- Designation: Business Head – Commercial Vehicle Finance (SVP) and Senior Management Personnel
- Reason for Resignation: Personal reasons
- Effective Date of Resignation: Close of business hours on September 1, 2026
- Date of Resignation Letter: June 2, 2026
- Duration in Role: Not Specified
- Board’s Acknowledgment / Statement: Not Specified
- Replacement Appointed: Not Specified
- Regulatory Compliance Statement: Disclosure made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations") and SEBI Master Circular dated January 30, 2026, bearing reference number HO/49/14/14(7)2025-CFD-POD2/I/3762/2026
- Delay in Disclosure: Not Specified
Analytical Add-On: The resignation appears routine and planned, citing personal reasons with a full 90-day notice period served from the Mumbai head office. As the Business Head of Commercial Vehicle Finance, this resignation affects operational continuity in that specific business segment. The resignation does not appear abrupt or linked to performance or regulatory matters based on the stated reason.
Section B – Additional Observations or Disclosures
- Transition & Internal Role Reallocations: The resigning employee stated "I will ensure a smooth handover of my responsibilities prior to my departure" and requested support "in ensuring timely processing of my gratuity and other F&F relieving formalities." No specific internal reallocations or transition plans were detailed in the disclosure.
- Successor Appointments: Not Specified
Section C – Financial & Governance Disclosures
Not Present in Data