Section A – KMP Resignation Details
Name of Resigning KMP: Mr. Nikhil Thakkar
Designation: Head – Internal Audit, Risk & Control; designated Senior Management Personnel (SMP)
Reason for Resignation: Transition to a new role within the Company, resulting in a change in the internal reporting structure. This does not constitute a cessation of employment.
Effective Date of Resignation: Closure of business hours of October 15, 2026
Date of Resignation Letter: Not Specified
Duration in Role (if available): Not Specified
Board’s Acknowledgment / Statement: The board acknowledged that during his tenure, Mr. Nikhil Thakkar played an instrumental role in strengthening the Company's internal audit framework, risk management processes and internal control environment. He led several initiatives aimed at enhancing governance standards, improving control effectiveness and fostering a culture of risk awareness.
Replacement Appointed (if any): Not Specified
Regulatory Compliance Statement (SEBI LODR, Circulars): Disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Delay in Disclosure (if applicable): Not Specified
Section B – Additional Observations or Disclosures
Transition & Internal Role Reallocations: Mr. Thakkar will continue to be associated with the Company in his new role under the revised reporting structure, effective October 16, 2026.
Successor Appointments: Not Specified
Section C – Financial & Governance Disclosures (If Present)
Not Specified