Section A – KMP Resignation Details
- Name of Resigning KMP: Mr. Vivek Sapre
- Designation: Chief Human Resources Officer (CHRO)
- Reason for Resignation: To pursue an external opportunity aligned with his long-term career objectives.
- Effective Date of Resignation: Close of business hours on September 28, 2026
- Date of Resignation Letter: September 28, 2026
- Duration in Role: Not Specified
- Board’s Acknowledgment / Statement: The Company appreciates the valuable services rendered by him during his tenure.
- Replacement Appointed: Not Specified
- Regulatory Compliance Statement: Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular 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 to be a strategic, planned move for career advancement. The reason is stated clearly, and the departure is effective immediately upon submission. As the CHRO role is focused on human capital management rather than direct financial reporting or capital allocation, the resignation is less likely to directly affect financial reporting integrity or funding strategy. It appears to be a routine leadership transition.
Section B – Additional Observations or Disclosures
- Transition & Internal Role Reallocations: Not Specified
- Successor Appointments: Not Specified
Section C – Financial & Governance Disclosures
This section is not applicable as the disclosure pertains solely to the resignation of a Key Managerial Personnel and contains no financial results, auditor reports, capital changes, or other board updates.