Key Management Changes
Cessation of Senior Management Personnel
Five senior management personnel have resigned from their positions, with cessation dates as follows:
- Mr. Ravi Bangalore Ramarao (Head & Vice President - Technology & IT) - Resignation effective July 25, 2025
- Mr. Ramesh Jaiswara (Business Unit Head) - Resignation effective July 7, 2025
- Mr. Ravi Kumar Vaddeswaram (AVP - Unimech SBU 2) - Resignation effective October 23, 2025
- Mr. Sudhindra Vasantarao Kulkarni (AGM - Business Development, Projects, Customer Accounts) - Resignation effective January 29, 2026
- Mr. Sheshadri Nagaraja Nittoor (SCM Head & Business Unit Head) - Ceased to be senior management due to internal restructuring effective September 7, 2026
Appointment of Senior Management Personnel
- Mr. Jagadeesha HC has been designated as a member of Senior Management effective September 7, 2026, as part of internal restructuring
- Mr. Jagadeesha HC brings 25+ years of experience in Project Management, Manufacturing, Procurement, Supply Chain, Operations, Engineering, Tooling, Production Planning, and Product Development
- He possesses expertise in CNC, VMC, HMC, Wire EDM, and Grinding processes
Resignation Details from Annexures
The resignation letters included in Annexure-2 reveal additional context:
- Mr. Ravi Bangalore Ramarao resigned citing misalignment between his entrepreneurial decision-making style and the company's established frameworks (resignation date: July 3, 2025)
- Mr. Sudhindra Vasantarao Kulkarni resigned due to personal reasons, requesting relief by January 21, 2026 (resignation date: December 7, 2025)
- Mr. Ravi Kumar Vaddeswaram resigned effective October 23, 2025, requesting relief by November 21, 2025
- Mr. Ramesh Jaiswara resigned due to personal circumstances with immediate effect on July 7, 2025
Financial Impact
Financial impact not quantified in the disclosure.