Resignation of Senior Management Personnel
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Awaiting price reaction for this filing.
Mr. Suresh Govind Jagdale has resigned from his position as General Manager-Accounts and Senior Management Personnel, effective close of business on 28 February 2026. The resignation is not an exit but a planned internal promotion — he is stepping into the role of Chief Financial Officer (CFO) of the company. The change has been disclosed under SEBI Listing Regulations and acknowledged by the Board on 16 February 2026. No external replacement has been indicated; the same individual is being elevated to the CFO seat.
This is an internal succession move, not a leadership loss — shareholders should view it as continuity at the finance function rather than any governance red flag. Watch for the formal CFO appointment intimation, which under SEBI rules will need to disclose Mr. Jagdale's profile and confirm the transition.