Section A – KMP Resignation Details
- Name of Resigning KMP: Dr. Ashutosh Karnatak
- Designation: Additional Director in the capacity of Non-Executive, Independent Director
- Reason for Resignation: Personal reasons and other professional commitments
- Effective Date of Resignation: June 24, 2026
- Date of Resignation Letter: June 24, 2026
- Duration in Role: Not Specified
- Board’s Acknowledgment / Statement: The resignation was received and accepted by the Company Secretary on behalf of SEPC LIMITED
- Replacement Appointed: Not Specified
- Regulatory Compliance Statement: Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
- Delay in Disclosure: Not Specified
Analytical Add-On: The resignation appears routine and personal/professional in nature rather than performance-linked or regulatory-linked. As an Independent Director resignation, it affects board composition and governance oversight but does not directly impact financial reporting integrity or operational continuity since it was a non-executive role. The director confirmed no other material reasons for resignation, reducing governance risk concerns.
Section B – Additional Observations or Disclosures
- Transition & Internal Role Reallocations: Not Specified
- Successor Appointments: Not Specified
Section C – Financial & Governance Disclosures
No financial results, auditor reports, dividends, capital changes, or other board appointments were disclosed in this filing.