Managing Director Steps Down, Continues as Executive Director
Mr. Ram Gopal Jindal has ceased to hold the position of Managing Director with effect from close of business hours on September 29, 2026, pursuant to his resignation letter dated September 5, 2026.
- Event Date
- September 29, 2026
- Resignation Letter Date
- September 5, 2026
- Position Relinquished
- Managing Director
- Continuing Position
- Executive Director
What was shared
The company made a disclosure under Regulation 30 of SEBI LODR informing BSE that 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, was already disclosed to the stock exchange on September 5, 2026.
- He continues as an Executive Director and remains on the Board of Directors.
How to read it
A change in the Managing Director role is a senior leadership change, since the MD is typically the person in day-to-day charge of the business. In this case the company has clarified that the individual is not leaving the Board — only the designation of Managing Director has ended, and he continues in an executive capacity as Executive Director.
The update carries no financial figures; it is a governance and disclosure item. Investors usually watch for the company's subsequent communication on who takes charge of the Managing Director responsibilities and any related Board decisions.
The communication was signed by the Company Secretary & Compliance Officer.
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