Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations ('LODR Regulations™), this is to inform you that the ....
Awaiting price reaction for this filing.
The Board of Directors met on May 14, 2026 and approved multiple leadership changes. Ms. Perla Pavani was appointed as Additional Executive Director (for a 3-year term subject to shareholder approval) and simultaneously as Chief Financial Officer, both effective May 14, 2026. She holds a B.Tech in Computer Science and is not related to any existing directors. In resignations, Mr. Abhijeet Yashwant Nagrale stepped down as Non-Executive Independent Director, citing personal reasons. He had chaired the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee. Ms. Pushpa Joshi also resigned as CFO for personal reasons. Both departures are effective May 14, 2026.
The company has seen simultaneous turnover in key leadership positions with both the CFO and an Independent Director resigning on the same day the new appointees joined. This dual departure and appointment of the same person as both Director and CFO may raise governance questions for investors.