The Company has announced the resignation of Mr. from his position as a Non-Executive, Non-Independent Director. The resignation is effective from 24 April 2026. Desai’s decision to step down comes as he has been appointed as a Member of the in New Delhi.

Mr. Desai, who has served on the board for two decades, expressed his gratitude for the opportunity to work with the company. In his resignation letter, he highlighted his rewarding experience and confirmed that his departure was solely due to his new appointment by the Government of India.

The company’s regulatory filing with the National Stock Exchange of India (NSE) confirmed that there are no other material reasons for his resignation apart from the stated appointment. The filing also included the necessary details as per the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Desai’s resignation marks the end of a long-standing association with the company, during which he contributed significantly to its governance and strategic direction. The board and management have acknowledged his contributions and extended their best wishes for his future role.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).