Banco Products (India) has announced the resignation of Mr. Venkata Ranganath Kumar Sami from his roles as Whole-time Director (Innovations) and Chief Technical Officer (CTO), effective 31st March 2026. The company disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Mr. Venkata Ranganath Kumar Sami, who has been an integral part of Banco Products for over two and a half years, submitted his resignation due to personal reasons, primarily the need to relocate to his native place to be closer to his parents. His resignation will be effective after the close of business hours on 31st March 2026.
In his resignation letter addressed to Mr. Sharan M Patel, Executive Director of Banco Products, Mr. Sami expressed his gratitude for the opportunities and support he received during his tenure. He highlighted his contributions in technical leadership and capability building, which have significantly strengthened the company’s market competitiveness.
Mr. Sami’s departure marks the end of his service period, which included a three-month notice period commencing from 2nd January 2026. During this time, he committed to ensuring a smooth transition and seamless handover of responsibilities.
Banco Products has acknowledged the receipt of his resignation and is expected to confirm his final working date in due course.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).