Two Senior Management Personnel Exits: Sr. EVP After Market Division Superannuates, CTO Resigns
Mr. Sanjay Bhagat, Sr. Executive Vice President – After Market Division, superannuates from close of business on 30 Sep 2026.
By ScoutQuest · · 1 min read
- Superannuation Date
- 30 Sep 2026
- Resigned Executive
- Mr. Satish Sundaresan, Chief Technology Officer
- Resignation Effective Date
- 25 Sep 2026
- Departing Sr. EVP
- Mr. Sanjay Bhagat, Sr. Executive Vice President – After Market Division
What was announced
The Board of Directors, through Circular Resolution(s) and on the recommendation of the Nomination and Remuneration Committee, approved two changes in Senior Management Personnel on September 25, 2026.
- Mr. Sanjay Bhagat, Sr. Executive Vice President – After Market Division: cessation due to superannuation, effective from the closure of business hours of September 30, 2026.
- Mr. Satish Sundaresan, Chief Technology Officer: cessation due to resignation, effective from the closure of business hours of September 25, 2026.
Reason given for the resignation
In his letter, Mr. Sundaresan said he has decided to pursue his interests outside the organisation and affirmed that there is no other material reason for the resignation. He stated his last working day as September 25, 2026, and thanked the management for the opportunity.
How to read it
Superannuation is a planned retirement on reaching the set age, so that exit is routine in nature. The CTO's departure is a voluntary resignation from a senior technology role. Both individuals are Senior Management Personnel and not members of the Board, so board composition is unchanged by this intimation.
The disclosure was made under Regulation 30 read with Schedule III of the SEBI Listing Regulations and is available on the Company's website.
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