Resignation Details
Mr. Rajesh Garg, Executive Director and Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of Transcorp International Limited, has tendered his resignation from the position of CFO of the Company. The resignation is effective from the close of business hours on 04th November 2026. The resignation is consequent to taking over other responsibilities within the Group. Mr. Garg shall continue to hold the position of Executive Director & KMP of the Company, with his resignation limited only to the position of Chief Financial Officer.
The Board has accepted his resignation from the position of CFO and placed on record its appreciation for his valuable services during his tenure. Mr. Garg has confirmed that there are no material reasons for his resignation other than those mentioned in his resignation letter.
New Appointment Details
The Board of Directors, based on recommendations of the Nomination and Remuneration Committee and Audit Committee, has approved the appointment of Mr. Mukesh Kumar Mittal as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company. The appointment is effective from 05th November 2026.
Mr. Mittal holds an MBA degree in Finance and has approximately 19 years of experience in the field of Finance. His expertise includes Financial Planning and Analysis, Financial Management, Corporate Finance, Budgeting and Financial Operations. He has strong understanding of financial systems, accounting practices, financial reporting, taxation and regulatory compliance.
Annexures Included
The filing includes Annexure A (details for appointment of new CFO) and Annexure B (resignation details and resignation letter of Mr. Rajesh Garg).
Confirmation of No Material Issues
Mr. Rajesh Garg has explicitly confirmed in his resignation letter dated 04th November 2026 that there are no other material reasons for his resignation apart from taking over other responsibilities within the Group.
Financial Impact
No financial impact quantified in the disclosure. The changes represent management restructuring without immediate financial implications.