Section A – KMP Resignation Details
Name of Resigning KMP: Mr. Hari Athawale and Mr. Prafulla Shirgaokar
Designation:
- Mr. Hari Athawale: Independent Director
- Mr. Prafulla Shirgaokar: Non-Executive Director
Reason for Resignation:
- Mr. Hari Athawale: Retirement due to completion of tenure as an Independent Director
- Mr. Prafulla Shirgaokar: Resignation
Effective Date of Resignation: For both directors: with effect from the closing of business hours on 11th August 2026
Date of Resignation Letter: Not Specified
Duration in Role: Not Specified
Board’s Acknowledgment / Statement: The Board acknowledged Mr. Prafulla Shirgaokar's vast experience and appointed him as Chairman Emeritus of the company w.e.f. 12th August 2026.
Replacement Appointed: Not Specified for the director positions. Mr. Prafulla Shirgaokar was appointed to a new role as Chairman Emeritus.
Regulatory Compliance Statement: Disclosure made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015. The requisite disclosure as per Clause 7 of Part A of Schedule III of the Listing Regulations is enclosed as Annexure-A.
Delay in Disclosure: Not Specified
Section B – Additional Observations or Disclosures
Transition & Internal Role Reallocations: Mr. Prafulla Shirgaokar, following his resignation as Non-Executive Director, was appointed as Chairman Emeritus of the company w.e.f. 12th August 2026. The board committees have been duly reconstituted following these changes.
Successor Appointments: Not Specified for the vacant director seats.
Section C – Financial & Governance Disclosures
This section is not present in the provided data. The disclosure is solely regarding the cessation of directors and does not contain any financial results, auditor's reports, dividends, capital changes, or other board appointments.