Banco Products (I) Limited has informed the Exchange regarding Intimation of Resignation of Mr. Venkata Ranganath Kumar Sami (DIN: 11090878) as the Whole-time Director (Innovations) and Chief Technical Officer (CTO) of the Company.
BANCOINDIA · price
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Mr. Venkata Ranganath Kumar Sami (DIN: 11090878) has resigned from his role as Whole-time Director (Innovations) and Chief Technical Officer (CTO) of Banco Products (India) Limited, effective 31st March 2026 after close of business hours. He had served the company for approximately two and a half years. The resignation, tendered via letter dated 2 January 2026, is driven by personal reasons, specifically the need to relocate to his native place to be closer to his parents. He will serve the agreed three-month notice period to ensure a smooth transition. The company has disclosed this change under SEBI Listing Regulations, and his resignation letter is attached as Annexure II.
The departure of a senior technical and innovation leader could raise short-term concerns about continuity in the company's R&D and innovation pipeline, though the cited personal reasons and orderly transition period limit immediate red flags. Shareholders should watch for any subsequent announcement regarding a replacement CTO to assess whether this creates any leadership gap.