Carysil Ltd. Announces Resignation of Senior Manager Personnel, Mr. Rakesh Nair

Team Finance Saathi

04/Dec/2024

What's covered under the Article:

Carysil Ltd. reports the resignation of Mr. Rakesh Nair from his position as Senior Manager Personnel.
Mr. Rakesh Nair’s resignation is effective from December 04, 2024, due to personal reasons.
A copy of Mr. Rakesh Nair’s resignation letter has been received and disclosed in compliance with SEBI regulations.

On December 4, 2024, Carysil Ltd. disclosed the resignation of Mr. Rakesh Nair, who was serving as the President (Sales) for the STERNHAGEN Division in India and had been categorized as Senior Management Personnel (SMP). The resignation is effective immediately, and the reason cited by Mr. Nair is personal.

The resignation of Mr. Nair has been formally communicated and disclosed under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Carysil Ltd. complied with the SEBI Listing Regulations, including Regulation 30 and Schedule III, by promptly notifying the stock exchanges, including BSE and NSE, regarding the leadership change within the company.

In his resignation letter, Mr. Rakesh Nair expressed appreciation for the opportunity to work with Carysil Ltd. despite his short tenure. He also extended his apologies if his actions had caused any harm to individuals or the company culture. Mr. Nair wished Carysil Ltd. all the best for its future endeavors.

This disclosure is a requirement as per SEBI regulations to ensure transparency in corporate governance, particularly concerning senior management changes. A copy of Mr. Nair’s resignation letter has been shared as Annexure II and made available to the public on the company’s official website at www.carysil.com.

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Carysil Ltd. Announces Resignation of Senior Manager Personnel, Mr. Rakesh Nair

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