Section A – KMP Resignation Details
- Name of Resigning KMP: Prakash Chandra Chhajed
- Designation: Independent Director
- Reason for Resignation: Some other priorities and remaining out of Indore for long duration
- Effective Date of Resignation: Close of business hours on June 20, 2026
- Date of Resignation Letter: June 20, 2026
- Duration in Role: Not Specified
- Board's Acknowledgment / Statement: Not Specified
- Replacement Appointed: Not Specified
- Regulatory Compliance Statement: Compliance with Regulation 30 of SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
- Delay in Disclosure: Not Specified
Analytical Add-On: The resignation appears routine and personal rather than performance-linked or regulatory-linked, as the director cited personal priorities and geographical constraints. The resignation affects governance continuity as he held multiple committee leadership positions.
Section B – Additional Observations or Disclosures
- Transition & Internal Role Reallocations: Mr. Chhajed ceased to be Chairman of the Audit Committee and Nomination and Remuneration Committee, and member of Stakeholders Relationship Committee and Corporate Social Responsibility (CSR) Committee. No information provided about interim arrangements or succession planning.
- Successor Appointments: Not Specified
Section C – Financial & Governance Disclosures
- Audited Financial Results: Not Specified
- Auditor's Report Summary: Not Specified
- Dividends / Capital Changes / Buybacks: Not Specified
- Board / Committee Updates or Key Appointments: Not Specified