Section A – KMP Resignation Details
- Name of Resigning KMP: Mr. Satish Patil
- Designation: Chief Digital & Information Officer and Senior Management Personnel (SMP)
- Reason for Resignation: Personal reason
- Effective Date of Resignation: Close of business hours on May 22, 2026
- Date of Resignation Letter: May 22, 2026 (submitted at 2:17:48 PM)
- Duration in Role: Not Specified
- Board's Acknowledgment / Statement: Not Specified
- Replacement Appointed: Not Specified
- Regulatory Compliance Statement: Disclosure made in terms of Regulation 30 read with Para A (7) of Part A of Schedule III and other applicable provisions of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, as amended, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
- Delay in Disclosure: No delay indicated; resignation and disclosure occurred on same day
Analytical Add-On: The resignation appears routine and personal in nature rather than performance-linked or regulatory-linked. As CDIO, the role involves digital and information technology leadership, but the resignation does not immediately suggest impacts on financial reporting integrity or capital allocation decisions. The commitment to a smooth transition suggests planned departure.
Section B – Additional Observations or Disclosures
- Transition & Internal Role Reallocations: The resigning executive stated commitment to ensuring a smooth transition of duties and assistance with handover process before departure. No specific internal reallocations were announced.
- Successor Appointments: No successor was announced in the disclosure.
Section C – Financial & Governance Disclosures
Not applicable - no financial results, auditor reports, dividends, capital changes, or other board appointments were disclosed in this filing.