Heritage Foods Limited has informed the Exchange about change in Management - Resignation of Mr. Puneet Kusumbia, Vice President (Marketing) and Senior Management Personnel (SMP) of the Company
HERITGFOOD · price
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Awaiting price reaction for this filing.
Heritage Foods Limited has informed the stock exchange about the resignation of Mr. Puneet Kusumbia from the position of Vice President (Marketing) and Senior Management Personnel (SMP) of the company. As per SEBI and Companies Act provisions, Senior Management Personnel are classified as Key Managerial Personnel (KMP), making this a KMP-level exit. No details about the reason for resignation or replacement have been mentioned in this filing. Investors may await further announcements regarding the transition plan for the marketing leadership role.
Mid-level senior management change; unlikely to materially affect stock price or operations, but may cause minor concern if replacement is not announced quickly given marketing is a key function in the dairy/FMCG business.