EVP – Sales & BD resigns; Chief Business Officer appointed

Mr. Rony Banerjee, Executive Vice President – Sales & BD and a Senior Management Personnel, has resigned, effective close of business hours on 28th September 2026.

Tue 29 Sep 2026

Executive Departure

Mr. Rony Banerjee, Executive Vice President – Sales & BD, resigned effective 28th September 2026

New Appointment

Mr. Nimish Jain appointed Chief Business Officer

Experience

Nimish Jain has over 17 years of leadership experience in solar manufacturing, international sales, operations and P&L management

Role Focus

New Chief Business Officer will lead company's commercial agenda, combining sales and business development

What was shared

Vikram Solar intimated the exchanges under Regulation 30 of the SEBI LODR Regulations about a change in its senior management.

• Mr. Rony Banerjee, Executive Vice President – Sales & BD, designated a Senior Management Personnel, has resigned.
• The resignation was accepted by management, effective from the close of business hours on 28th September 2026.
• His letter, dated 27th August 2026, states he has chosen to pursue new challenges and opportunities aligned with his long-term career growth aspirations, and offers full cooperation for an orderly transition, including training his successor.

New appointment

• Mr. Nimish Jain has been appointed Chief Business Officer.
• He has over 17 years of leadership experience across solar manufacturing, international sales, operations and P&L management, and has been associated with Vikram Solar's growth journey across key markets.
• In the new role he will lead the company's commercial agenda, bringing together sales and business development efforts as the company scales its business and presence across markets.

How investors may read it

The departure is at the senior management level, not at the board or key managerial personnel level such as MD, CEO or CFO. The sales and business development leadership gap is being filled through the Chief Business Officer appointment, which points to continuity in the commercial function. Investors typically watch such changes for their effect on sales execution and customer relationships.

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