Section A – KMP Resignation Details
- Name of Resigning KMP: Mr. Nikhil Mehta
- Designation: Vice President- Treasury & Debt Solutions Desk and Senior Management Personnel
- Reason for Resignation: Resignation (as stated in the reason field)
- Effective Date of Resignation: 30th May, 2026
- Date of Resignation Letter: Not Specified
- Duration in Role: Not Specified
- Board’s Acknowledgment / Statement: The resignation was taken note of and approved by the Board of Directors at its meeting held on 26th July, 2026.
- Replacement Appointed: Not Specified
- Regulatory Compliance Statement: Disclosure made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 and SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023.
- Delay in Disclosure: The resignation was effective 30th May, 2026, but was taken note of by the Board and disclosed on 26th July, 2026.
Analytical Add-On: The resignation affects the treasury and debt solutions function. The timing of the Board's acknowledgment (nearly two months after the effective resignation date) may indicate a procedural or communication delay.
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's report, dividends, capital changes, or other board appointments were disclosed in this filing.
Company Details:
- Debenture Scrip Codes: 940727, 940717, 940317, 940325, 940319, 940323, 939639, 939655, 940725, 940321, 939651, 939657, 939643, 940327, 939647, 940719, 940721, 940723
- Date of Disclosure: 26th July, 2026
Disclosure signed by Suman Kumar, E.V.P. (Corporate Affairs & Legal), Company Secretary & General Counsel (Membership No. F5824).
The intimation is available on the company's website at www.smcindiaonline.com.