CFO Ramesh Goel resigns on health grounds, effective close of business hours on October 10, 2026

Tipco Engineering India Ltd informed that Chief Financial Officer and Key Managerial Personnel Mr. Ramesh Goel has resigned on personal health grounds, effective from the close of business hours on October 10, 2026.

Sat 10 Oct 2026

Designation

Chief Financial Officer and Key Managerial Personnel

Effective Date

close of business hours on October 10, 2026

Reason for Resignation

personal health grounds, and he has confirmed there is no other material reason

What the company informed the exchange

• Mr. Ramesh Goel has resigned from the position of Chief Financial Officer (Key Managerial Personnel) of the Company.
• His resignation letter is dated October 10, 2026 and was received by the Company by e-mail on October 10, 2026.
• The resignation is effective from the close of business hours on October 10, 2026.
• The company stated the reason for the change as resignation of the CFO on personal health grounds, and that he has confirmed there is no other material reason for his resignation.

What the resignation letter says

• Mr. Goel joined the Company on 10th February 2026 in the Finance & Accounts department and was appointed by the Board as Chief Financial Officer and Key Managerial Personnel with effect from 27th April 2026.
• He had informed the Management by e-mail and requested medical leave on account of health reasons until he was fit to resume duties. He has been on medical leave since 11th September 2026, and states his health continues to prevent him from resuming duties and discharging the responsibilities of the office of CFO.
• Following discussions with the Management, he requested to be relieved from the office of CFO with effect from the close of business hours on 10th October 2026, and the Management agreed to his request, subject to acceptance by the Board.
• He has asked the Board to accept the resignation, take it on record, and complete the necessary statutory and regulatory formalities, including intimation to BSE Limited and update of Form DIR-12 with the Registrar of Companies.

Handover and continuity

• He has said he will hand over all books, records, documents, files, digital signature certificates, system and portal credentials and other property of the Company in his possession or control to the person nominated by the Management on or before the effective date, and will extend full cooperation for a smooth transition.
• He has also said he will continue to maintain the confidentiality of all unpublished price sensitive information and other confidential information of the Company to which he had access.

How this can be read

• The disclosure is a change in management at the level of a Key Managerial Personnel. The reason given in the letter and in the company's disclosure is personal health.
• The letter records that the Management agreed to relieve him, subject to acceptance by the Board, and that the formalities including update of Form DIR-12 with the Registrar of Companies are to be completed.

For a retail investor, the relevant facts to note are the designation involved, the effective date, and the reason stated in the update, all of which are set out above.

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