Section A – KMP Resignation Details

  • Name of Resigning KMP: Mr. Kush Parmar (DIN: 09212020)
  • Designation: Independent Director
  • Reason for Resignation: Owing to other existing & increasing commitments in the USA and inability to devote sufficient time to the Company while residing outside India.
  • Effective Date of Resignation: Close of business hours on July 29, 2026
  • Date of Resignation Letter: July 29, 2026
  • Duration in Role (if available): Not Specified
  • Board’s Acknowledgment / Statement: The Board places on record its sincere appreciation for Mr. Parmar's valuable contributions and guidance during his tenure as an Independent Director. The Company has benefited immensely from his experience, independent judgment, and unwavering commitment.
  • 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, read with Para A of Part A of Schedule III, and SEBI Master Circular no. SEBI/HO/49/14/14(7)2025-CFD-PoD2/I/3762/2026 dated 30 January 2026.
  • Delay in Disclosure (if applicable): Not Specified

Analytical Add-On:

  • The resignation results in the cessation of membership from the Risk Management Committee and the Science and Technology Committee of the Board.
  • The reason provided suggests the resignation is routine and personal (geographic constraints, time commitments) rather than performance-linked or regulatory-linked.
  • Mr. Parmar confirmed there are no other material reasons for his resignation, and he holds no directorships in other listed entities.

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 an Independent Director and contains no financial results, auditor reports, dividends, capital changes, or other board appointments.