Section A – KMP Resignation Details
- Name of Resigning KMP: Mr. Vineet Toshniwal
- Designation: President (M&A and Investor Relations) and Senior Management Personnel
- Reason for Resignation: Personal reasons
- Effective Date of Resignation: January 31, 2027 (with effect from the closure of business hours)
- Date of Resignation Letter: October 19, 2026 (date of disclosure)
- Duration in Role: Not Specified
- Board’s Acknowledgment / Statement: Mr. Toshniwal's resignation has been accepted
- Replacement Appointed: Not Specified
- Regulatory Compliance Statement: Disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI 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 October 19, 2026)
Analytical Add-On: The resignation appears routine and personal in nature, not linked to performance or regulatory matters. As President of M&A and Investor Relations, this change could impact investor communication and merger/acquisition strategy continuity, though the three-month notice period until January 31, 2027 allows for transition planning.
Section B – Additional Observations or Disclosures
No additional observations or disclosures beyond the resignation details were provided in the document.
Section C – Financial & Governance Disclosures
No financial results, auditor reports, dividends, capital changes, or other board appointments were disclosed in this filing.