Chairperson and Non-Executive Non-Independent Director Resigns After AoA Amendment

Mrs. Sasikala Raghupathy has resigned as Chairperson and Non-Executive Non-Independent Director with effect from 30th September 2026.

Wed 30 Sep 2026

Resignee

Mrs. Sasikala Raghupathy

Position

Chairperson and Non-Executive Non-Independent Director

Effective Date

30th September 2026

Successor

Mr. Arjun Govind Raghupathy

Reason

Amendment of Article No.31(4) of Articles of Association passed by Special Resolution at AGM held on 22nd September 2026

What was shared

Under Regulation 30 of the SEBI Listing Regulations, the company intimated the exchanges that Mrs. Sasikala Raghupathy (DIN: 00490686) has tendered her resignation from the position of Chairperson and Non-Executive Non-Independent Director, with effect from 30th September 2026.

Committee roles also end

• Ceases to be a member of the Nomination and Remuneration Committee
• Ceases to be Chairperson of the Corporate Social Responsibility Committee

Reason stated

Her resignation letter refers to the amendment of Article No.31(4) of the Articles of Association, passed by a Special Resolution at the Annual General Meeting held on 22nd September 2026, which provides for Mr. Arjun Govind Raghupathy to be the Chairman of the Board of Directors, replacing her as Chairperson. She submitted her resignation pursuant to that amendment, and thanked the Board and management for their support during her tenure.

Company's confirmation

The company confirms that, as stated in the resignation letter, the resignation is not on account of any disagreement with the Board on any matter relating to the company's operations, and no material reason other than that stated has been cited.

How investors may read it

This is a board-level and leadership change rather than an operational or financial event. Because the AoA was already amended at the AGM to name the new Chairman, the resignation appears to be a step in a planned transition at the top of the Board. Investors commonly watch such changes for continuity of governance and for the composition of the Nomination and Remuneration and CSR Committees going forward.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.