President – New Business Initiatives resigns; last working day 6th October 2026
Shri Sanjay Gupta, President – New Business Initiatives and designated Senior Management Personnel, has resigned with effect from the close of business hours on 6th October 2026.
- Last working day
- close of business hours on 6th October 2026
- Resignation letter date
- 4th July 2026
- Role vacated
- President – New Business Initiatives, designated Senior Management Personnel
Who is stepping down
- Shri Sanjay Gupta held the position of President – New Business Initiatives and was designated as Senior Management Personnel of the company.
- The company has informed the exchanges that he has resigned with effect from the close of business hours on 6th October 2026.
What the resignation letter says
The letter is dated 4th July 2026 and is addressed to Mr. Nikunj Dhanuka, CMD, and Mr. Mayank Dhanuka, ED and CEO. In it, Shri Sanjay Gupta states that after careful consideration he has reached the decision to pursue other personal interests. He adds that, as mutually agreed, 6th October would be his last working day.
What this means for investors
- A change in Senior Management Personnel is intimated to the stock exchanges so that shareholders know who is currently responsible for running the business.
- The position being vacated is President – New Business Initiatives. Shareholders may therefore track how the company fills this function going forward.
- The stated reason for the resignation is personal, and the last working day was agreed mutually and set out in the resignation letter itself.
The resignation was intimated to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, with the resignation letter enclosed along with the disclosure.
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