Section A – KMP Resignation Details

  • Name of Resigning KMP: Ms. Payal Jangir (DIN:11702972), Mr. Rohit Ashokkumar Agarwal (DIN:08945828), Mr. Naresh Kumar Mistri (DIN:11700309)
  • Designation: Additional Director
  • Reason for Resignation: Personal Reason
  • Effective Date of Resignation: September 29, 2026
  • Date of Resignation Letter: September 29, 2026
  • Duration in Role: Not Specified
  • Board’s Acknowledgment / Statement: The Board of Directors placed on record its appreciation for the valuable contribution and guidance provided by the directors during their association with the Company.
  • Replacement Appointed: Not Specified
  • Regulatory Compliance Statement: Disclosure made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
  • Delay in Disclosure: Not Specified. The resignation letters were dated September 29, 2026, and the disclosure was made to the NSE on October 12, 2026.

Analytical Add-On:

The resignation of three Additional Directors simultaneously, all citing personal reasons and effective immediately, is an unusual event. The disclosure confirms regulatory compliance and includes standard board acknowledgments. The simultaneous nature of the resignations warrants attention for potential governance implications, though the stated reasons are personal and each director confirmed no other material reasons.

Section B – Additional Observations or Disclosures

Transition & Internal Role Reallocations:

The disclosure states that the directors have stepped down from all committees of the Company in which they were a Chairman/Member. No information is provided on interim arrangements or internal reallocations of their duties.

Successor Appointments:

The disclosure does not announce any appointments to fill the vacant positions of Additional Director.

Section C – Financial & Governance Disclosures

This section is not applicable as the provided data contains no financial results, auditor reports, dividends, capital changes, or other board appointments beyond the resignations.