Section A – KMP Resignation Details
- Name of Resigning KMP: Mr. T. Jaisankar
- Designation: Chief Executive Officer (Key Managerial Personnel)
- Reason for Resignation: Health reasons
- Effective Date of Resignation: Close of business hours on 30th June 2026
- Date of Resignation Letter: 30th June 2026 (inferred from the date of the disclosure and the resignation letter)
- Duration in Role: Not Specified
- Board’s Acknowledgment / Statement: The company acknowledged his long-standing association, rich experience, and expertise.
- Replacement Appointed: Not Specified
- Regulatory Compliance Statement: The disclosure is made under Regulation 30 read with Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015.
- Delay in Disclosure: No delay indicated; the disclosure is dated 30 June 2026, the same day as the effective resignation.
Analytical Add-On: The resignation is due to personal (health) reasons and is not a full departure from the company. He will transition to a non-KMP employee role, suggesting planned continuity and reducing immediate operational risk. The nature of the resignation appears routine and not linked to performance or governance issues.
Section B – Additional Observations or Disclosures
- Transition & Internal Role Reallocations: Mr. T. Jaisankar will continue to be associated with UCAL Limited as an employee. His specific new role and capacity are to be decided by the Nomination and Remuneration Committee and the Board of Directors.
- Successor Appointments: The disclosure does not announce a successor Chief Executive Officer.
Section C – Financial & Governance Disclosures (If Present)
This disclosure is solely regarding the resignation of a Key Managerial Personnel. No audited financial results, auditor's reports, dividends, capital changes, buybacks, or other board appointments were disclosed in the provided data.