Tata Capital Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI LODR Regulations - Resignation of Senior Management Personnel of the Company
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Tata Capital Limited announced the resignation of Mr. Manish Chourasia, Chief Operating Officer – Corporate and Cleantech Finance, who has been classified as Senior Management Personnel. Chourasia is leaving to pursue an external opportunity and will be relieved from services effective May 11, 2026 (close of working hours). He has been with the Tata Capital group since July 15, 2015, starting as Managing Director of Tata Cleantech Capital Limited. Following the merger, he transitioned to his current COO role from January 1, 2024. The company has stated he will ensure a smooth handover of all responsibilities before departure.
The departure of a senior management executive could signal some organizational transition risk, though being a divisional COO rather than a top-level CEO/CFO may have limited direct market impact. The stated reason of pursuing an external opportunity suggests a personal career move rather than any governance or performance concern.