Astral Limited, a leading player in the manufacturing and distribution of piping systems, has announced the resignation of Mr. Ashok Cherian, the company’s Chief Technology Officer (CTO). Mr. Cherian tendered his resignation on December 4, 2024, and his resignation was effective from March 31, 2025.

Reason for Resignation

Mr. Cherian has decided to pursue career opportunities outside of Astral Limited. His resignation was formalized through a letter submitted to the company’s Chief Human Resources Officer (CHRO), Mr. Bipul Sharma, on December 4, 2024. In the letter, Mr. Cherian confirmed that he had no claims against the company and requested to be relieved of his duties on March 31, 2025.

Details as per SEBI Regulations

As per the requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Astral Limited has disclosed the following details regarding Mr. Ashok Cherian's resignation:

1. Reason for Change: Mr. Ashok Cherian resigned from his role as Chief Technology Officer to pursue a career outside the company.

2. Date of Cessation: March 31, 2025.

3. Brief Profile: Not applicable, as the change is due to resignation and no replacement has been mentioned.

4. Disclosure of Relationships: Not applicable, as there are no inter-se relationships between Mr. Cherian and other directors.

Resignation Confirmation

In the letter submitted by Mr. Cherian to Astral Limited, he confirmed that he had no further claims against the company and thanked the organization for the opportunities provided. The company has acknowledged this resignation and has agreed to complete all the necessary formalities in due course.

Astral Limited’s Acknowledgment

Astral Limited has expressed its appreciation for Mr. Ashok Cherian's contribution during his tenure as Chief Technology Officer. His leadership was pivotal in advancing the company’s technology and IT systems, and the company now looks forward to finding a suitable successor to fill this role.

The resignation of Mr. Cherian marks the end of a significant chapter in Astral Limited’s management structure, and the company will ensure a smooth transition during this period.

For further details regarding the resignation, you may contact Astral Limited’s corporate office or visit their official website.

Annexure A and Annexure B provide further details as required by SEBI regulations and the resignation letter, respectively.

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