Section A – KMP Resignation Details

  • Name of Resigning KMP: Mr. Pradeep Poddar
  • Designation: Chairman and Non-Executive, Independent Director
  • Reason for Resignation: Decided to retire as Chairman, Independent Director of the company after completing three years as Chairman since appointment in December 2022.
  • Effective Date of Resignation: Close of business hours on 31 March 2026
  • Date of Resignation Letter: 9 February 2026
  • Duration in Role: Appointed on 20th December 2022, served approximately 3 years and 3 months
  • Board’s Acknowledgment / Statement: Company accepted resignation on 12 February 2026
  • Replacement Appointed: Not Specified
  • Regulatory Compliance Statement: Disclosed pursuant to Regulation 30 read with Schedule III of 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, linked to retirement after completing a three-year tenure. As a Non-Executive Independent Director rather than an executive KMP, this change is less likely to directly impact financial reporting integrity or operational continuity. The resignation coincides with stepping down from all board committees, suggesting a complete board exit.

Section B – Additional Observations or Disclosures

  • Transition & Internal Role Reallocations: Mr. Poddar will step down as Chairperson/member from all committees of the Company. No information provided about interim arrangements or succession planning.
  • Successor Appointments: Not Specified in the disclosure.

Section C – Financial & Governance Disclosures

Not Present - The disclosure contains no financial results, auditor reports, dividend declarations, capital changes, or additional board appointments beyond the resignation.

Additional Director Information

Mr. Pradeep Poddar holds directorship in Flex Foods Limited as Independent Director, serving on multiple committees:

  • Member of Audit committee as Independent Director
  • Member of NRC committee as Independent Director
  • Member of CSR committee as Independent Director
  • Member of SRC committee as Independent Director

Legal Confirmations

Mr. Poddar confirmed in his resignation letter that:

  • There are no other material reasons for resignation beyond those mentioned
  • He has no claim whatsoever against TBEL or any of its officers or employees
  • He irrevocably and unconditionally waives any potential claims