Section A – KMP Resignation Details

  • Name of Resigning KMP: Mr. Jayesh Kothari
  • Designation: President - Merchandising, designated as Senior Management Personnel
  • Reason for Resignation: Health related reasons, as stated in his resignation letter
  • Effective Date of Resignation: From the close of business hours on October 9, 2026
  • Date of Resignation Letter: October 4, 2026
  • Duration in Role: Not Specified
  • Board's Acknowledgment / Statement: Not Specified
  • Replacement Appointed: Not Specified
  • Regulatory Compliance Statement: Disclosure made under Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including compliance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
  • Delay in Disclosure: Disclosure dated October 5, 2026, one day after resignation letter date - appears timely

Analytical Add-On: The resignation appears health-related and personal rather than performance-linked or regulatory-linked. The role (President - Merchandising) suggests potential impact on product assortment, sourcing, and inventory management functions. The one-week notice period and planned handover suggest orderly transition.

Additional Context from Resignation Email

The resignation email from Jayesh Kothari to Anjali Goel provides additional context:

  • Health issues have persisted for some time requiring daily treatments
  • Immediate tooth surgery scheduled for Saturday [October 3, 2026, inferred from email date October 4]
  • Handover formalities to be completed by next week [week of October 5-9, 2026]
  • May not be in office for next couple of days due to medical procedures

Section B – Additional Observations or Disclosures

  • Transition & Internal Role Reallocations: Handover formalities to be completed by next week according to resignation email. No immediate replacement announced.
  • Successor Appointments: Not specified in the disclosure.

Section C – Financial & Governance Disclosures

No financial results, auditor reports, dividends, capital changes, or other board updates disclosed in this filing. The disclosure is solely focused on the management resignation event.