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 (submitted via email at 11:12 hours)
- 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 pursuant to Regulation 30 read with Sub-Para 7, Para A of Part A of Schedule III 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: Not Specified
Analytical Add-On: The resignation appears routine and planned, citing standard personal and professional reasons. As an Independent Director in a non-executive capacity, this change is less likely to directly impact day-to-day financial reporting integrity or operational continuity.
Section B – Additional Observations or Disclosures
- Transition & Internal Role Reallocations: No information provided about internal role reallocations or transition plans.
- Successor Appointments: No information provided about the appointment of a successor.
Section C – Financial & Governance Disclosures
This section does not apply as the disclosure contains no financial results, auditor's reports, capital changes, or other board appointments beyond the resignation.