KMP change: Tushar Gunderia ceases as Head (Legal & Compliance) & Company Secretary; Rabindra Purohit appointed

Key Managerial Personnel change at the company.

Fri 9 Oct 2026

Cessation Effective Date

ceases to hold the office of Head (Legal & Compliance) & Company Secretary and as KMP from close of business hours on October 9, 2026

Reason for Cessation

early superannuation by approx. 2.5 months

New Appointment Effective Date

appointed Vice President, Legal, Compliance & Company Secretary and Compliance Officer from October 10, 2026

What was approved

The Board of the company, at its meeting on October 9, 2026, on the recommendation of the Nomination and Remuneration Committee, considered, noted and approved changes in its Key Managerial Personnel for the Head (Legal & Compliance) & Company Secretary role.

• Mr. Tushar Gunderia ceases to hold the office of Head (Legal & Compliance) and Company Secretary and as the Key Managerial Personnel of the company with effect from close of business hours on October 9, 2026.

• The reason given is early superannuation, by approx. 2.5 months, in order to facilitate smooth and seamless transition in favour of the incumbent candidate.

• He shall continue employment as a 'Corporate Affairs and Legal Counsel' upto December 31, 2026, the superannuation date, and is appointed as Corporate Affairs & Legal Counsel and part of Senior Management Personnel with effect from October 10, 2026.

• The Board noted his contribution during his tenure of about 28 years with the company; his profile records an association with the organisation since 1998 and overall experience of over 32 years.

Who is taking over

• Mr. Rabindra Purohit (ICSI Membership No. F4680) is appointed as Vice President, Legal, Compliance & Company Secretary and Compliance Officer under the Listing Regulations, who would also be a Key Managerial Personnel and part of Senior Management Personnel, with effect from October 10, 2026.

• He is described as a seasoned legal and governance professional with around 25 years of experience, a qualified Company Secretary, Fellow Member of ICSI, and a law graduate (LL.B.) & B.Com (Hons.) from Berhampur University.

• Prior to joining, he served as Vice President - Legal, Company Secretary & Compliance Officer at Deepak Fertilisers and Petrochemicals Corporation Ltd., and earlier as Head - Legal, Compliance & Company Secretary at NIVEA India, with leadership positions also at Vodafone India and Bharti Del Monte Foods Ltd.

• The update states he is not related to any Director of the company.

Disclosure responsibilities

• Mr. Rabindra Purohit will also act as one of the Key Managerial Personnel authorised for determining the materiality of an event or information and for making disclosures to the stock exchange(s) under Regulation 30, in place of Mr. Tushar Gunderia, from October 10, 2026.

• The other Key Managerial Personnel authorised for determining and making disclosures remain unchanged.

From the outgoing officer's letter

• Mr. Tushar Gunderia's letter states he shall continue his employment as 'Corporate Affairs and Legal Counsel' upto December 31, 2026, the superannuation date, and that he ceases to hold the office of Head (Legal & Compliance), Company Secretary and Key Managerial Personnel from close of business hours on October 9, 2026.

• It states there are no other material reasons for his cessation from the post other than what has been stated above.

• His profile notes that under his leadership the company maintained a compliance record with no regulatory strictures or major penalties imposed during his tenure.

How to read this

This is a change in a secretarial, legal and compliance role rather than a change in the company's business operations. A named successor takes charge from the day after the cessation, the outgoing officer continues in an employment role for the rest of the year, and the update records no other material reason for the cessation.

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