Section A – KMP Resignation Details

  • Name of Resigning KMP: Mr. Satish Kumar (ACS: 58892)
  • Designation: Company Secretary and Compliance Officer (Key Managerial Personnel)
  • Reason for Resignation: To pursue an alternate career opportunity outside the organisation
  • Effective Date of Resignation: Close of business hours on 28th September 2026
  • Date of Resignation Letter: 28th September 2026
  • Duration in Role: Served as Company Secretary and Compliance Officer since November 2023 (approximately 3 years), associated with the Company for over five years
  • Board's Acknowledgment / Statement: Not explicitly stated in the disclosure
  • Replacement Appointed: Management has identified a suitable candidate recommended by the Nomination and Remuneration Committee, pending Board approval at ensuing meeting
  • Regulatory Compliance Statement: Disclosure made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
  • Delay in Disclosure: No delay indicated - resignation and disclosure both dated 28th September 2026

Analytical Add-On: The resignation appears routine and planned, with a clear succession process already initiated. As the Compliance Officer role is critical for regulatory adherence, the immediate identification of a successor candidate suggests continuity planning. The reason provided (external career opportunity) indicates a voluntary departure rather than performance or regulatory issues.

Section B – Additional Observations or Disclosures

  • Transition & Internal Role Reallocations: No internal role reallocations specified for the resigning KMP. The resignation is effective immediately on the date of submission (28th September 2026).
  • Successor Appointments: A suitable candidate has been identified by Management and recommended by the Nomination and Remuneration Committee. The appointment is subject to Board approval at an ensuing meeting, after which necessary intimations will be made to stock exchanges.

Section C – Financial & Governance Disclosures

Not present in this disclosure - the communication focuses exclusively on the KMP resignation and succession process.