Section A – KMP Resignation Details
- Name of Resigning KMP: Mr. Ashok Shettar
- Designation: Non-Executive Director
- Reason for Resignation: Increased professional commitments, inability to devote required time and attention to board role
- Effective Date of Resignation: October 7, 2026 (with immediate effect)
- Date of Resignation Letter: October 7, 2026
- Duration in Role: Not Specified
- Board's Acknowledgment / Statement: Not explicitly stated in disclosure
- Replacement Appointed: Not specified
- Regulatory Compliance Statement: Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including required information under Schedule III - Para A (7C) of Part A
- Delay in Disclosure: Disclosure made on October 8, 2026 for resignation dated October 7, 2026 - appears timely
Analytical Add-On: The resignation appears routine and professionally motivated rather than performance-linked or regulatory-linked. As a Non-Executive Director (not CEO/CFO), the resignation is unlikely to significantly affect financial reporting integrity, capital allocation decisions, or operational continuity. The director explicitly stated there are no other reasons for the decision, indicating no governance risks or conflicts.
Section B – Additional Observations or Disclosures
No additional observations or disclosures beyond the resignation details were provided in the data.
Section C – Financial & Governance Disclosures
No financial results, auditor reports, dividends, capital changes, or other board appointments were disclosed in this filing.