Section A – KMP Resignation Details

  • Name of Resigning KMP: Mr. Hyun Shik Park
  • Designation: Chief Operations Officer (Senior Management Personnel)
  • Reason for Resignation: Personal reasons
  • Effective Date of Resignation: Closing business hours of September 5, 2026
  • Date of Resignation Letter: Not Specified (submitted via email)
  • Duration in Role: Not Specified
  • Board’s Acknowledgment / Statement: The Board noted the resignation
  • Replacement Appointed: Not Specified
  • Regulatory Compliance Statement: Disclosure made pursuant to Regulation 30 of SEBI Listing Regulations read with SEBI Master Circular No: HO/49/14/14(7)2025- CFDPOD2/I/3762/2026 dated January 30, 2026
  • Delay in Disclosure: Not Specified

Analytical Add-On: The resignation appears routine given the stated personal reasons and does not immediately suggest issues with financial reporting integrity or operational continuity. The COO role is significant for operational execution, but the resignation seems planned rather than abrupt.

Section B – Additional Observations or Disclosures

  • Transition & Internal Role Reallocations: Not Specified
  • Successor Appointments: Not Specified for COO position
  • Board Reappointments: The Board approved reappointment of two Independent Directors:
  • Mr. Manoj Kumar Kohli (DIN: 00162071) as Non-Executive Independent Director for second term of 5 years from December 06, 2026 to December 05, 2031
  • Ms. Shradha Sharma (DIN: 03557496) as Non-Executive Independent Director for second term of 5 years from December 06, 2026 to December 05, 2031
  • Both reappointments subject to shareholder approval at ensuing Annual General Meeting
  • Profile Details: Mr. Kohli holds bachelor's degree in commerce (honours) and master's degree in business administration from University of Delhi, with previous experience at SoftBank Group International as country head and Bharti Enterprises Limited as managing director. Ms. Sharma holds post-graduate certificate in design communications management from Mudra Institute of Communications, Ahmedabad, and is founder and chief executive officer of YourStory Media Private Limited since July 2011.

Section C – Financial & Governance Disclosures

  • Capital Structure Changes: Board approved increase in Authorised Share Capital from ₹8,318,49,98,850 (₹8,318.50 Crore) to ₹8,721,87,34,420 (₹8,721.87 Crore) with consequent alteration to Clause V of Memorandum of Association
  • Fundraising Approval: Board approved enabling resolution for raising funds up to ₹1,500 Crore through issuance of equity shares and/or securities convertible into equity shares (including fully convertible debentures, partly convertible debentures, warrants, ADRs, GDRs) via permissible modes including public offer, rights issue, QIP, private placement, subject to shareholder and regulatory approvals
  • AGM Intimation: 9th Annual General Meeting to be held on Wednesday, September 30, 2026 at 4:30 PM (IST) through Video-Conferencing/Other Audio-Visual Means
  • Board Meeting Details: Commenced at 5:45 p.m. (IST) and concluded at 6:30 p.m. (IST) on September 05, 2026