Section A – KMP Resignation Details
- Name of Resigning KMP: Ms. K.V. Meher Vani, Chartered Accountant (Membership No. 214471), represented by Shalang Advisory Services (OPC) Pvt. Ltd.
- Designation: Internal Auditor
- Reason for Resignation: Pre-occupation / other professional commitments; To pursue another professional opportunity aligned with her long-term career objectives
- Effective Date of Resignation: 11th November, 2026
- Date of Resignation Letter: 11 November, 2026
- Duration in Role: Not Specified
- Board's Acknowledgment / Statement: The Board took note of the resignation at its meeting held on 12th November, 2026
- Replacement Appointed: M/s. MOS & Associates LLP, Chartered Accountants
- Regulatory Compliance Statement: Compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated 30th January, 2026
- Delay in Disclosure: Not Specified
Analytical Add-On: The resignation appears routine and professional-commitment related rather than performance-linked or regulatory-linked. As Internal Auditor role, it affects internal control oversight and compliance monitoring rather than direct financial reporting or capital allocation decisions. The confirmation that there are no other material reasons for resignation suggests no underlying governance concerns.
Section B – Additional Observations or Disclosures
- Transition & Internal Role Reallocations: The resignation created a vacancy that was immediately filled by appointment of new Internal Auditor effective the next day (12th November, 2026), ensuring continuity of internal audit function.
- Successor Appointments: M/s. MOS & Associates LLP, Chartered Accountants (Firm Registration No. 001975S/5200020) appointed as Internal Auditor for Financial Year 2026-27. The firm is Hyderabad-based with over three decades of professional experience handling various assignments including Statutory Audits, Internal Audits, Income Tax Audits, Process Audits, Management Audits, and services in Income Tax-related matters, Financial Management Services, and Project Financing.
The successor's extensive experience in multiple audit domains strengthens internal control oversight and compliance capabilities, particularly relevant for a highways infrastructure company requiring robust project monitoring and financial management.
Section C – Financial & Governance Disclosures
Not Specified - The document contains no financial results, auditor's reports, dividend declarations, capital changes, or other board appointments beyond the internal auditor change.