Key Personnel Change
Mr. Shahnawaz Aijazuddin Shaikh has resigned from the position of Chief Financial Officer (CFO) and Key Managerial Personnel of Octaware Technologies Limited.
Dates of Action
- Resignation Tendered: 10th August, 2026 (as per resignation letter)
- Board Acceptance Date: 20th August, 2026
- Effective Cessation Date: Close of business hours on 10th August, 2026
- Original Appointment Date: 08th August, 2022 (tenure of approximately 4 years)
Reason for Resignation
Resignation was tendered due to personal reasons and professional commitments. Mr. Shaikh explicitly confirmed in his resignation letter (Annexure B) that there are no other material reasons requiring disclosure under SEBI LODR Regulations.
Transition Process
Mr. Shaikh has undertaken to ensure a smooth transition by handing over all records, documents, responsibilities, and company assets entrusted to him. He has committed to extending all necessary assistance to facilitate an orderly transfer of duties.
Financial Impact
No financial impact quantified in the disclosure. The resignation represents a management change without immediate stated financial consequences.