Change in Management
Awaiting price reaction for this filing.
Mr. M.L. Birmiwala, who served as President-Finance & Secretary — a Key Managerial Personnel position — has resigned from the company. He submitted his resignation via email on 28th August 2025 and will be relieved from his duties at the close of business hours on 30th November 2025. The Board accepted and noted his resignation at a meeting held on 13th November 2025. The company has stated it is in the process of identifying a suitable replacement and will inform the stock exchanges once the vacancy is filled. No reason for the resignation has been disclosed in the filing.
The departure of a senior finance head and KMP creates a temporary leadership vacuum in the finance and compliance function until a replacement is appointed. Investors should watch for the announcement of a successor, as prolonged gaps in key finance roles can affect reporting timelines and investor confidence.