Chief Information Officer & Head of IT resigns, effective from close of business hours on 9th October 2026
Mr. Kartik Chawda has resigned as Chief Information Officer & Head of IT (Senior Managerial Personnel).
- Resignation Letter Date
- 21st September 2026
- Effective Date of Resignation
- close of business hours on Friday, 9th October 2026
- Role Vacated
- Chief Information Officer & Head of IT (Senior Managerial Personnel)
What has been announced
Mr. Kartik Chawda has tendered his resignation as the Chief Information Officer & Head of IT, a Senior Managerial Personnel role, of Saraswati Commercial (India) Ltd. His resignation letter is dated 21st September 2026, and the resignation is effective from the close of business hours on Friday, 9th October 2026.
The reason stated
He is leaving to pursue a career opportunity outside the Company. He has confirmed that there are no other material reasons for the resignation beyond this.
What the company said
The Board of Directors and the Management expressed deep appreciation and gratitude to Mr. Kartik Chawda for his extensive contribution and stewardship during his association with the Company.
How to read this
- The person leaving is the Chief Information Officer & Head of IT, a senior managerial personnel of the Company, so this is a change in the senior management team.
- The reason given is a personal career move outside the Company, confirmed by him in his resignation letter.
- His role as an SMP ends with effect from the close of business hours on Friday, 9th October 2026.
- His resignation letter, along with the details furnished to the exchanges, forms part of the disclosure.
What investors may note
A change in senior managerial personnel can matter to investors because such roles carry responsibility for a company's systems and technology function. Here the resignation has a stated effective date, a stated reason, and the company has acknowledged his contribution, so the announcement sets out the transition clearly.
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