Please find attached announcement related to change among Executive Directors (Managing Director) together with relevant disclosures
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The Board accepted the voluntary resignation of Mr. Mohit Bajaj (DIN: 05187542) as Managing Director, effective January 21, 2026, citing other business commitments and unavailability. The same board meeting approved the appointment of Mr. V S Amarnath (DIN: 07642585) as Chairman & Managing Director for a 3-year term from January 21, 2026. V S Amarnath is a B.Com graduate listed as having ~27 years of experience in company management and investments, with no other listed-entity directorships and no shareholding in the company. He will receive ₹50,000 per month plus standard employment benefits. Both changes were disclosed under SEBI Listing Regulations at the January 21, 2026 board meeting.
Leadership transition at the top — investors should watch for any strategic shift under the new MD. The outgoing MD's departure appears routine (personal commitments) with no governance red flags flagged. The new MD's modest salary and lack of prior listed-board experience may raise minor governance questions for retail investors.