Section A – KMP Resignation Details
- Name of Resigning KMP: Akash Manohar Phatak
- Designation: Independent Director
- Reason for Resignation: Due to other commitments.
- Effective Date of Resignation: Close of business hours on August 1, 2026
- Date of Resignation Letter: July 19, 2026
- Duration in Role: Not Specified
- Board’s Acknowledgment / Statement: The Board placed on record its appreciation for the valuable contributions made by Mr. Akash Manohar Phatak during his tenure.
- Replacement Appointed: Not Specified
- Regulatory Compliance Statement: Disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III (specifically Clause 7B), and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
- Delay in Disclosure: Not Specified
Analytical Add-On: The resignation appears routine and not linked to performance or regulatory issues, as no other material reasons were cited. However, as an Independent Director, his departure might affect governance oversight, but no specific implications are stated.
Section B – Additional Observations or Disclosures
Not Applicable – No additional observations beyond the resignation.
Section C – Financial & Governance Disclosures
Not Applicable – No financial results or other disclosures provided.