Section A – KMP Resignation Details
- Name of Resigning KMP: Mr. Arvind Kumar Mehta
- Designation: Chairman and Executive Director
- Reason for Resignation: Personal reasons
- Effective Date of Resignation: July 31, 2026
- Date of Resignation Letter: July 31, 2026
- Duration in Role: Not Specified
- Board’s Acknowledgment / Statement: The Board placed on record its sincere appreciation for his valuable contributions, leadership, guidance, and support during his tenure. The company benefitted from his rich experience, strategic vision, and commitment towards growth.
- 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 and SEBI Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026.
- Delay in Disclosure: Not Specified
Analytical Add-On: The resignation results in cessation from key board committees including Nomination and Remuneration Committee, Stakeholders' Relationship Committee, and Corporate Social Responsibility Committee. The resignation appears routine and personal in nature, with no stated material reasons beyond personal ones. The company has stated these committees will be reconstituted in due course.
Section B – Additional Observations or Disclosures
- Transition & Internal Role Reallocations: Not Specified
- Successor Appointments: Not Specified
Section C – Financial & Governance Disclosures
This section is not applicable as the disclosure solely concerns the resignation of the KMP and contains no financial results, auditor reports, dividends, capital changes, or other board appointments.