Key Personnel Change
Thiru. Yogendra Kumar Varshney, Executive Director (Operations) and Chief Risk Officer (CRO) of the Company, has resigned effective from Saturday, 27th June, 2026. The resignation was submitted due to personal reasons.
Resignation Details
- Date of cessation: Effective from close of business hours of Saturday, 27th June, 2026
- Reason for change: Personal reasons
- Material reasons: The company explicitly states there are no material reasons for his resignation other than personal reasons
- Tenure: Varshney mentioned serving the organization for 13 months in his resignation letter
Resignation Letter Contents (Annexure A)
Dated 27th May, 2026, addressed to the Chairman and Managing Director:
- Formal resignation from position as Executive Director (Operations)
- Resignation due to personal reasons
- Confirmation of no material reasons for resignation
- Expression of positive experience working with the organization for 13 months
- Offer to support transition and ensure smooth handover of responsibilities
- Request to be relieved on or before 27th June, 2026
- Employee Number: 5353
Annexure B Details
Required disclosures under Regulation 30(6):
1. Reason for change: Due to personal reasons
2. Date of cessation: w.e.f. the close of business hours of Saturday, the 27th June, 2026
3. Brief profile: Not applicable
4. Disclosure of relationships between directors: Not applicable