Resignation of CEO Pankaj Prabhakar Jathar; Anish Kumar Sarkar appointed as new CEO
Mr. Pankaj Prabhakar Jathar resigned as Chief Executive Officer of the company effective October 14, 2026, to pursue other interests; he is relieved from close of business on October 22, 2026.
By ScoutQuest · · 2 min read
- CEO Resignation Effective Date
- October 14, 2026
- Relieved from Close of Business
- October 22, 2026
- New CEO Appointment Effective Date
- October 14, 2026
What the Board approved
At its meeting on October 14, 2026, the Board of Directors took on record and accepted the resignation of Mr. Pankaj Prabhakar Jathar as Chief Executive Officer of the company, effective October 14, 2026, as he wishes to pursue other interests. He ceases to be Key Managerial Personnel in terms of Section 203 of the Companies Act, 2013. The Board also approved the appointment of Mr. Anish Kumar Sarkar as Chief Executive Officer and Key Managerial Personnel with effect from October 14, 2026, based on the recommendation of the Nomination and Remuneration Committee.
Outgoing CEO - the dates and terms
- Resignation accepted with effect from October 14, 2026.
- He shall be relieved from the services of the company with effect from close of business hours on October 22, 2026, and ceases to be Senior Managerial Personnel under SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 on that date.
- His resignation letter is dated 13 July 2026, and refers to a notice of three months as per his contract, along with a request to be relieved as early as possible and for the rest of the notice period to be waived.
Incoming CEO - background shared
Mr. Anish Kumar Sarkar takes charge as Chief Executive Officer and Key Managerial Personnel with effect from October 14, 2026, and is Senior Managerial Personnel under SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
- Described as a seasoned executive leader with over two decades of experience in business building, transformation and M&A-led growth.
- Before joining the company, he was Managing Director - India and Director of the India / Philippines / Indonesia Cluster at Pluxee (formerly Sodexo BRS), and CEO of Mercer India.
- Earlier, he spent several years with the Capgemini Group in senior leadership roles spanning management consulting, sales and technology transformation.
- He is an alumnus of IIT Kharagpur and IIM Calcutta.
How to read this
- This is a change in who holds the top executive position. The succession takes effect from the same date as the outgoing CEO's cessation, and the incoming CEO also steps in as Key Managerial Personnel.
- The resignation is attributed to the outgoing CEO's wish to pursue other interests, as stated in the update and in his resignation letter.
- For a retail investor, the relevant point to track is continuity of leadership: the update names the new CEO and the effective dates for both the exit and the appointment.
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More numbers
- Notice period as per contract (outgoing CEO's letter)three months
- Experience of incoming CEOover two decades
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