Banswara Syntex Limited has informed the Exchange regarding Resignation of Mr. Marazban Velati as Chief Human Resources Officer effective from close of business hours on 31st March 2026 under the category of Senior Management Personnel
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Banswara Syntex Limited has informed the stock exchanges that Mr. Marazban Velati, the Chief Human Resources Officer, has resigned effective March 31, 2026. In his resignation letter dated February 1, 2026, Mr. Velati stated he is leaving to explore career opportunities outside the company, confirming this is a voluntary exit. To fill the gap, the Board has approved the appointment of Mr. Indrajeet Sunil Sukate as Head of Corporate Human Resources from April 1, 2026, based on the recommendation of the Nomination and Remuneration Committee. Mr. Sukate brings over 18 years of HR and industrial relations experience from companies such as Kabra Extrusiontechnik, IG Petrochemicals, Shera, and Indo Amines. Notably, the new designation is 'Head of Corporate HR' rather than 'Chief HR Officer,' which suggests a possible change in seniority or scope of the role.
This is a routine senior management transition with an immediate replacement in place, limiting any disruption risk. Investors may note the slight title change from CHRO to Head of Corporate HR, though the function remains covered without a gap.