Managing Director Steps Down, Continues as Executive Director

Mr. Ram Gopal Jindal has ceased to be Managing Director with effect from close of business on September 29, 2026, following his resignation letter dated September 5, 2026.

Tue 29 Sep 2026

Executive Change

Mr. Ram Gopal Jindal ceased to be Managing Director effective close of business September 29, 2026

Resignation Date

September 5, 2026

New Role

Continues as Executive Director on the Board

What happened

• Mr. Ram Gopal Jindal has ceased to hold the position of Managing Director with effect from the close of business hours on September 29, 2026.
• The cessation follows his resignation letter dated September 5, 2026.
• The resignation, along with the reasons for it, was already disclosed to the stock exchange earlier through the company's letter dated September 5, 2026.

What stays the same

• He will continue to serve as an Executive Director of the company.
• His resignation is only from the post of Managing Director, and he remains on the Board of Directors.

How to read it

A change at the Managing Director level is a top-level leadership change, which investors usually watch closely. Here the individual is not exiting the company or the Board; only the designation changes from Managing Director to Executive Director. The update was signed by the Company Secretary and Compliance Officer.

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