Cessation of Mr. Gagan Bihari Pattnaik as Vice-President (ESG & Sustainability) in the category of senior managerial personnel, w.e.f. December 29, 2025.
Awaiting price reaction for this filing.
Mr. Gagan Bihari Pattnaik, Vice-President (ESG & Sustainability) and Head – ESG at the Refex Group level, has ceased from his position at Refex Renewables & Infrastructure Ltd with effect from the close of working hours on December 29, 2025. He was classified as a senior managerial person (KMP). His resignation was submitted on September 29, 2025, citing his desire to explore a better opportunity outside the organisation. The resignation had been approved earlier on September 30, 2025, with a notice period running until year-end.
This is a routine KMP-level departure driven by career progression rather than governance concerns and is unlikely to materially affect the stock. Investors may, however, watch for timely replacement of the ESG leadership role given its growing importance for the renewables business.