Section A – KMP Resignation Details

  • Name of Resigning KMP: Mr. S. Viji
  • Designation: Non-Executive Director and Chairman of the Board
  • Reason for Resignation: Age and other personal considerations
  • Effective Date of Resignation: November 4, 2026 (with effect from the close of the board meeting)
  • Date of Resignation Letter: November 4, 2026
  • Duration in Role: Served on the board for 40 years, as Chairperson for 21 years
  • Board's Acknowledgment / Statement: Not explicitly stated in the disclosure
  • Replacement Appointed: Mr. R. Venkatraman, Independent Director, elected as new Chairman
  • Regulatory Compliance Statement: Disclosure made under Regulation 30 read with Schedule III, Part A, Para A of SEBI (LODR) Regulations, 2015 and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
  • Delay in Disclosure: No delay indicated; disclosure made on the same day as the board meeting

Analytical Add-On: The resignation appears to be a planned transition due to personal reasons rather than performance-related or abrupt. Given the long tenure (40 years on board, 21 years as Chairman), this represents a significant leadership change. The immediate appointment of a new chairman from among the independent directors suggests a smooth succession plan.

Section B – Additional Observations or Disclosures

  • Transition & Internal Role Reallocations: The Board of Directors elected Mr. R. Venkatraman, an existing Independent Director, to be the new Chairman of the Board immediately following Mr. Viji's resignation.
  • Successor Appointments: Mr. R. Venkatraman was appointed as the new Chairman. The disclosure does not provide additional details about his qualifications, experience, or background.

Section C – Financial & Governance Disclosures

Not applicable - The disclosure contains no financial results, auditor reports, dividend declarations, capital changes, or other financial information beyond the leadership change.