Resignation of Two Senior Management Personnel from OEM Marketing Roles
Two senior management personnel have resigned.
- President - Marketing (OEM) Resignation
- Mr. Sujith Nair ceased 5th September, 2026; tenure over five years; business grew from ₹42–45 crore monthly (2021) to ₹72 crore monthly
- DGM - OEM Marketing Resignation
- Mr. Santosh Sawant ceased 9th September, 2026; tenure 19 days; cited family obligations
- Disclosure Timing
- Intimation dated 28th September, 2026; cessations in early September 2026; company acknowledged inadvertent delay in Regulation 30 update
What was shared
Banco Products (India) Limited informed the exchanges of the resignation of two Senior Management Personnel.
- Mr. Sujith Nair, President - Marketing (OEM): ceased on 5th September, 2026 (after close of business hours).
- Mr. Santosh Sawant, DGM - OEM Marketing: ceased on 9th September, 2026 (after close of business hours).
Reasons given
Mr. Nair's resignation was accepted by the Executive Director. An internal note states he decided to move on for better prospects. In his resignation letter he mentioned a two-month notice period as per company policy and an association with Banco of over five years. He also referred to the business he handled growing from approximately monthly ₹42–45 crore in 2021 to a highest-ever monthly sales figure of over ₹72 crore.
Mr. Sawant resigned citing family obligations requiring personal attention, with immediate effect, requesting a waiver of his notice period. He noted he had worked 19 days only and was still in the induction and orientation process, without having taken formal responsibility, and was handing back company property including the laptop and SIM card.
Timing of the disclosure
The intimation is dated 28th September, 2026, while the cessations took effect in early September 2026. The company stated there was an inadvertent delay in intimating the change within the timeline prescribed under Regulation 30, attributed to an inadvertent oversight, and said it would ensure such delays do not recur.
How to read this
Both exits are in the OEM marketing function. One is a senior leadership exit after a multi-year tenure; the other is an exit shortly after joining, before responsibilities were taken on. Investors may watch for the company's announcements on filling the OEM marketing leadership role.
More numbers
- Monthly business handled in 2021 (as stated in resignation letter)₹42–45 crore
- Highest-ever monthly sales referencedover ₹72 crore
- Notice period per company policy (Mr. Nair)two-month
- Days worked by Mr. Sawant19 days only
- Mr. Nair's association with companyover five years
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