Industrial Investment Trust Limited has informed the Exchange regarding Resignation of Mr Mr. Sameer Gaikwad as Chief Executive Officer - NBFC Operations of the company w.e.f. April 23, 2026.
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Industrial Investment Trust Limited has informed the stock exchanges that Mr. Sameer Gaikwad, Chief Executive Officer of the company's NBFC Operations and a Key Managerial Personnel, has tendered his resignation due to personal reasons. His last working day will be April 23, 2026, with the resignation letter dated February 24, 2026, giving roughly a two-month transition window. The management has accepted his resignation, and Mr. Gaikwad has confirmed there are no other material reasons behind his exit. The intimation was filed under SEBI LODR Regulation 30, and the company has not yet announced a successor.
This is a senior-level exit from the NBFC arm of IITL, but the reason cited is personal rather than governance-related, and the ~2-month notice period gives the company time to arrange a successor. For shareholders, this is a routine leadership change that may warrant watching only if a replacement is not announced smoothly before the April 23 effective date.