Section A – KMP Resignation Details
- Name of Resigning KMP: Mr. Ravi Kumar Patwa (DIN: 03397635)
- Designation: Independent Director
- Reason for Resignation: Pre-occupation with other commitments which prevents him from devoting sufficient time to the affairs of the Company.
- Effective Date of Resignation: Close of business hours on May 31, 2026
- Date of Resignation Letter: May 29, 2026 (date of disclosure)
- Duration in Role: Not Specified
- Board’s Acknowledgment / Statement: The company acknowledged receipt and filed necessary disclosures with exchanges.
- Replacement Appointed: Not Specified
- Regulatory Compliance Statement: Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Para A of Part A of Schedule III, and SEBI Master Circular Ref. No. Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
- Delay in Disclosure: Not Specified (disclosed on same day as resignation letter date)
Analytical Add-On: The resignation appears routine and personal due to time constraints. As an Independent Director (not CEO/CFO), the immediate impact on financial reporting integrity or operational continuity appears limited. The resignation does not coincide with any disclosed audit remarks, weak performance, or regulatory matters.
Section B – Additional Observations or Disclosures
- Transition & Internal Role Reallocations: Mr. Patwa's resignation automatically results in cessation from membership of the Audit Committee and Nomination and Remuneration Committee of the Board. No information about interim role allocations or planned succession for these committee positions is provided.
- Successor Appointments: No successor Independent Director has been appointed or announced as of this disclosure.
Section C – Financial & Governance Disclosures
This section does not apply as the disclosure contains no financial results, auditor reports, dividends, capital changes, or other board appointments beyond the resignation.