H.G. Infra Engineering Limited has announced the resignation of Mr. Raja Dutta, the President - Operations (Senior Management Personnel), effective from the close of business hours on November 13, 2024. The resignation was tendered due to health reasons, as stated in the company's official disclosure.

This announcement was made in compliance with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as well as SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123, issued on July 13, 2023.

SEBI Filing and Compliance Update

In its filing with BSE and NSE, H.G. Infra Engineering provided details regarding the change in senior management. The company confirmed that Mr. Dutta’s resignation is effective from November 13, 2024. As per the filing, no immediate replacement or additional details regarding a new appointment have been provided at this stage.

This change follows standard procedural disclosures required under SEBI Regulations and includes the resignation letter from Mr. Dutta, which has been made available in the filing.

Details of the Resignation:

The resignation of Mr. Raja Dutta comes with the following details:

• Reason for Change: Mr. Dutta has resigned due to health reasons.
• Effective Date: His resignation will take effect from the close of business hours on November 13, 2024.
• Term of Appointment: The term of his appointment was not impacted by this change, as he has completed his tenure as President of Operations.

Impact on H.G. Infra Engineering

The resignation of a senior management personnel is a significant development for H.G. Infra Engineering, a company known for its large infrastructure projects. While the resignation is attributed to personal health reasons, stakeholders will likely seek clarity on the company's next steps in leadership. H.G. Infra Engineering has yet to announce a successor or further steps concerning the senior management change.

This development might prompt an internal realignment, as the company manages this transition. It remains to be seen how this change will affect ongoing projects and strategic directions, particularly in operations management.

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