Change in Director / Key Managerial Personnel
Nature of change: Resignation of Executive Director designated as Senior Management Personnel
Name and DIN of the individual: Amal Kelshikar (DIN not disclosed in the document)
Effective date and tenure: Resignation effective from close of business hours on 16th October 2026. The document mentions that this followed "an extended tenure beyond superannuation," indicating he had continued serving past normal retirement age.
Brief profile and relevant qualifications: No specific qualifications or experience details provided in the resignation letter or annexure. The resignation was described as a personal decision made "after thoughtful reflection" and represented "the right time to transition."
Confirmation of eligibility: No specific mention of SEBI/BSE/NSE norm eligibility in the provided document.
Relationship with other directors: Not disclosed in the document.
Previous KMP: Amal Kelshikar held the position of Executive Director designated as Senior Management Personnel. His resignation represents a complete cessation from this role.
Potential financial impact: The resignation letter emphasizes commitment to "support a smooth transition and complete all handover formalities," suggesting minimal immediate operational disruption. However, the loss of an experienced Executive Director who had served beyond normal retirement age may impact management continuity and institutional knowledge.
Regulatory Compliance Context
The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically referencing SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026. The company submitted the required Annexure-A with complete details and Annexure-B containing the resignation letter.