Section A – KMP Resignation Details
- Name of Resigning KMP: Mr. Vimal Rameshchandra Jain
- Designation: Chief Financial Officer (CFO) and President - Operations & Finance
- Reason for Resignation: Personal reasons
- Effective Date of Resignation: October 13, 2026
- Date of Resignation Letter: October 7, 2026 (received by company on October 13, 2026)
- Duration in Role: Not Specified
- Board’s Acknowledgment / Statement: Resignation accepted by the Company with effect from October 13, 2026
- Replacement Appointed: Not Specified
- Regulatory Compliance Statement: Disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023
- Delay in Disclosure: No delay - resignation letter received and accepted on same day (October 13, 2026)
Analytical Add-On: The resignation appears routine and personal in nature rather than performance-linked or regulatory-linked. As the CFO role is critical for financial reporting integrity and capital allocation decisions, the immediate cessation without a announced successor may create temporary operational continuity concerns for financial operations and reporting functions.
Section B – Additional Observations or Disclosures
- Transition & Internal Role Reallocations: The resigning KMP requested that "management take the charge of my responsibilities and relieve me from my responsibilities with immediate effect." No specific transition plan or internal role reallocations were disclosed.
- Successor Appointments: No successor appointment was announced in the disclosure.
Section C – Financial & Governance Disclosures
This section does not apply as the disclosure contains no financial results, auditor reports, dividend declarations, capital changes, or additional board appointments beyond the resignation event.