Chief Delivery Officer tenders resignation citing personal reasons, effective October 14, 2026

Persistent Systems' Chief Delivery Officer and SMP Dr. Rajesh Gharpure has tendered his resignation due to personal reasons.

Fri 9 Oct 2026

Resignation Effective Date

close of business hours on October 14, 2026 (IST)

Stated Reason

personal reasons

Company Statement on Reason

no material reason for his resignation

Senior delivery role to fall vacant

• Persistent Systems has informed the stock exchanges that Dr. Rajesh Gharpure, a Senior Management Personnel (SMP) of the company, has tendered his resignation from the position of Chief Delivery Officer.
• The reason stated is personal reasons.
• The resignation takes effect from the closure of business hours on October 14, 2026 (IST).

What the company said about the reason

The intimation states that there was no material reason for his resignation. The enclosed resignation letter carries the same confirmation: other than the stated personal reasons, there is no material reason behind his resignation from the position.

The letter and the signatories

• The resignation letter is dated October 9, 2026 and is addressed to Sandeep Kalra, Executive Director and Chief Executive Officer.
• In the letter, Dr. Gharpure thanks the management for the opportunity and wishes the company success in its future endeavours.
• The company's intimation to the exchanges is signed by Amit Atre, Company Secretary.

What the disclosure table records

• Annexure A records the reason for change as resignation due to personal reasons.
• The date of resignation is recorded as effective from the closure of business hours on October 14, 2026 (IST).
• The entries for brief profile and relationships between directors are marked Not Applicable; those particulars apply to appointments rather than resignations.

How to read this

The Chief Delivery Officer sits in the company's senior management, and a change in that role is being disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has characterised the exit as arising from personal reasons and has stated that there is no material reason behind it. The effective date is a few days after the date of the letter and of the exchange intimation.

For a retail investor, this is a leadership-change announcement rather than a financial one; it is a disclosure of a senior management exit with the company's stated reason.

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