Disclosure under Regulation 30 - Resignation of Senior Management Personnel
NINSYS · price
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NINtec Systems Ltd has announced the resignation of two senior management personnel effective May 8, 2026. Mr. Rushikesh Rajendra, who served as Chief Human Resource Officer (CHRO) and Senior Vice President – Strategic Initiatives, resigned due to prior other commitments. Mr. Parag Shah, Head of the Software Engineering Process Group (SEPG), also resigned citing personal reasons. Both resignations take effect from the closure of business hours on May 8, 2026. The company has filed this disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and copies of the resignation letters have been enclosed as required.
The simultaneous departure of two senior leadership members may raise concerns about continuity and governance stability, though the resignations cite non-alarming personal reasons. Shareholders should monitor for replacement appointments.