Section A – KMP Resignation Details

  • Name of Resigning KMP: Ms. Sandhya Sharma, IAS; Mr. Arun Roy, IAS; Ms. Mariam Pallavi Baldev, IAS.
  • Designation: Non-Executive, Non-Independent Directors. Ms. Sandhya Sharma was also the Chairperson.
  • Reason for Resignation: Withdrawal of nomination by TIDCO, the Co-Promoter of the Company.
  • Effective Date of Resignation: 22nd June 2026 for all three directors.
  • Date of Resignation Letter: The resignation letters are dated 22nd June 2026.
  • Duration in Role: Not Specified.
  • Board’s Acknowledgment / Statement: The directors' resignation letters thank the Board for the courtesy and co-operation extended during their tenure.
  • Replacement Appointed: Not Specified.
  • Regulatory Compliance Statement: The disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) and SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated 30th January 2026.
  • Delay in Disclosure: Not Specified.

Analytical Add-On: The resignations appear to be a strategic decision by the co-promoter, TIDCO, to withdraw its nominees from the board. As these are non-executive roles, the resignations are not expected to directly affect day-to-day operational continuity, financial reporting integrity, or capital allocation decisions. The event is linked to a change in ownership representation rather than performance or regulatory issues.

Section B – Additional Observations or Disclosures

  • Transition & Internal Role Reallocations: No information is provided on interim arrangements or internal reallocations of responsibilities following these resignations.
  • Successor Appointments: No information is provided on the appointment of successors to these board positions.

Section C – Financial & Governance Disclosures (If Present)

This section is not applicable to the provided data. The disclosure is solely regarding the resignation of directors and contains no audited financial results, auditor's report, dividends, capital changes, or other board appointments.