HP Telecom India Limited (SCRIP Code: HPTL / ISIN: INE0VA601019), a prominent name in the Indian telecom sector, has announced significant changes in its Board of Directors during its Board Meeting held on 27th March 2025. The company shared key updates regarding resignations and appointments of senior management, which will impact the leadership and governance structure of the organization.

Key Changes Announced in the Board Meeting

The Board of Directors transacted several critical business decisions during the meeting, focusing on resignations and appointments of key managerial personnel. Below are the details of the resolutions passed by the Board:

1. Resignation of Mr. Hemant Ashwinkumar Jethwa – Chief Financial Officer

Mr. Hemant Ashwinkumar Jethwa, who had been serving as the Chief Financial Officer (CFO) of HP Telecom India Ltd, has tendered his resignation, effective from closing of business hours on 27th March 2025.

• Reason for Resignation: Mr. Jethwa has decided to pursue other career opportunities, and his departure was formally accepted by the Board.

• Details: The resignation letter has been enclosed in Annexure I, along with the required disclosures as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

2. Resignation of Mrs. Barkha Jain – Company Secretary & Compliance Officer

Similarly, Mrs. Barkha Jain (ACS No. 42449), the Company Secretary & Compliance Officer, has also resigned from her position, effective from closing of business hours on 27th March 2025.

• Reason for Resignation: Mrs. Jain’s resignation is due to her decision to pursue other career opportunities.

• Details: Her resignation letter and the necessary details as per Regulation 30 have been provided in Annexure II.

3. Appointment of Mr. Pritesh Sidhpuria as Chief Financial Officer

The Board has appointed Mr. Pritesh Sidhpuria as the new Chief Financial Officer of the company, effective from 28th March 2025.

• Profile: Mr. Sidhpuria is a Commerce graduate with over 20 years of experience in the fields of finance, accounts, audit, and taxation. His expertise lies in financial management, audit, and internal control systems.

• Details: Full details of Mr. Sidhpuria’s appointment can be found in Annexure III.

4. Appointment of Ms. Khushboo Modi as Company Secretary & Compliance Officer

The company has also appointed Ms. Khushboo Modi (ACS: 57323) as the new Company Secretary & Compliance Officer, effective from 28th March 2025.

• Profile: Ms. Modi is an Associate Member of the Institute of Company Secretaries of India (ICSI) and holds a B.Com and LLB degree. She has over 7 years of experience in secretarial compliances and has extensive knowledge of corporate governance.

• Details: Full details of Ms. Modi’s appointment are included in Annexure IV.

Changes in Key Managerial Personnel Structure

With the resignation of the CFO and Company Secretary, and the subsequent appointments of Mr. Pritesh Sidhpuria and Ms. Khushboo Modi, the company has seen important changes in the Key Managerial Personnel (KMP) structure. The Board has officially accepted these changes, which will be effective from 28th March 2025, in line with Regulation 30(5) of the SEBI Listing Regulations.

Board Meeting Details

The Board Meeting commenced at 3:30 p.m. and concluded at 5:15 p.m. on 27th March 2025. These decisions form part of the company's ongoing efforts to ensure compliance with SEBI regulations and to maintain high standards of corporate governance.

Regulatory Compliance and Disclosure

The company has ensured that all disclosures required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, have been made, including the detailed annexures regarding the resignations and appointments of the key managerial personnel.

The resignation letters of both Mr. Hemant Ashwinkumar Jethwa and Mrs. Barkha Jain, along with their respective reasons, have been enclosed as Annexures I and II. The appointment details of Mr. Pritesh Sidhpuria and Ms. Khushboo Modi are included in Annexures III and IV, respectively.

Impact on HP Telecom India Ltd

These changes are expected to bring fresh leadership to the finance and secretarial functions of HP Telecom India Ltd. The company looks forward to the expertise of Mr. Sidhpuria in managing financial operations and internal controls, as well as Ms. Modi’s experience in ensuring smooth compliance and corporate governance.

The company remains committed to its objective of delivering value to stakeholders while adhering to the highest standards of regulatory compliance.

Conclusion

The Board Meeting on 27th March 2025 has resulted in significant changes at the leadership level of HP Telecom India Ltd. With the resignations of Mr. Jethwa and Mrs. Jain, and the appointments of Mr. Sidhpuria and Ms. Modi, the company continues its focus on regulatory compliance and corporate governance. These changes will shape the future direction of the company and ensure the continued growth and success of the organization.

HP Telecom India Ltd remains focused on enhancing its business operations and ensuring that it meets the evolving needs of its stakeholders in the telecom industry.

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