Section A – KMP Resignation Details
- Name of Resigning KMP: Mr. Murli Vasudevan
- Designation: Vice President – Sales (After Market) (SMP)
- Reason for Resignation: Personal grounds
- Effective Date of Resignation: Close of business on Thursday, 24th December, 2026
- Date of Resignation Letter: 5th October, 2026 (as per letter date)
- Duration in Role: Not Specified
- Board’s Acknowledgment / Statement: Resignation accepted by Managing Director R N Ghosal
- Replacement Appointed: Not Specified
- Regulatory Compliance Statement: Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, read with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026
- Delay in Disclosure: Disclosure filed on 6th October, 2026 for resignation effective 24th December, 2026 [future dated resignation]
Analytical Add-On: The resignation appears routine and planned, with advance notice given. As the role is Vice President – Sales (After Market), it may affect sales continuity in the after-market segment, though the resignation letter mentions ensuring smooth transition of responsibilities.
Section B – Additional Observations or Disclosures
- Transition & Internal Role Reallocations: The resigning executive committed to "ensure a smooth transition of my responsibilities and provide all necessary support during the notice period" in his resignation letter.
- Successor Appointments: Not Specified
Section C – Financial & Governance Disclosures
No financial results, auditor reports, dividends, capital changes, or other board appointments disclosed in this filing.