In an important corporate governance update in the Indian technology distribution sector, Logica Infoway Limited has announced the resignation of its Chief Operating Officer (North) and Key Managerial Personnel, Ankur Bhutani. The company has also issued a revised disclosure to BSE explaining the circumstances and timeline related to the resignation in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This development has attracted attention among investors and market participants who closely track Logica Infoway resignation news, Logica Infoway leadership changes, and corporate announcements related to management restructuring in listed companies. The company’s communication to the stock exchange clarifies that the resignation was submitted through email and involved a retrospective effective date, which led to the clarification filing.

Resignation of COO North and Key Managerial Personnel

According to the disclosure submitted to the exchange, Mr. Ankur Bhutani, who served as the Chief Operating Officer (North) at Logica Infoway Limited, resigned from his position to pursue career opportunities outside the company.

The company confirmed that the date of cessation of his role was February 1, 2026, which effectively marked his last working day with the organization. This means that although the formal communication was received later, the operational responsibilities and association of Mr. Bhutani with the company had already concluded from the beginning of February.

This announcement has become a significant update under Logica Infoway management change news, as the role of COO (North) is considered crucial in driving operational strategies, managing regional business expansion, and overseeing key distribution operations.

Email Communication Triggered the Resignation Process

One notable aspect of the Logica Infoway COO North resignation is that the resignation was submitted through email communication rather than a physical signed resignation letter.

The company informed the exchange that it received the resignation email from Mr. Ankur Bhutani on February 12, 2026. In that email, he formally expressed his intention to step away from his responsibilities and informed the company that his last day of working had already been February 1, 2026.

In the message, Mr. Bhutani expressed gratitude for the opportunities and support he received during his tenure at the organization. He acknowledged that working with the team had been a valuable experience and appreciated the professional environment and encouragement provided by the leadership.

This type of communication is not uncommon in modern corporate structures where email-based resignation and internal digital communication have become standard operational practices.

Management Discussions and Formal Acceptance

After receiving the resignation email, Logica Infoway initiated internal discussions with Mr. Bhutani as part of the normal transition process.

These discussions involved management-level deliberations regarding continuity of responsibilities, operational handover, and transition planning. Such steps are important in ensuring that key functions continue smoothly even when senior executives exit the organization.

Following these discussions, the competent authority of the company formally accepted the resignation on February 14, 2026.

The company also confirmed that Mr. Bhutani was relieved from his duties on the same date, completing the administrative process related to the leadership transition.

This update has been widely tracked in Logica Infoway KMP resignation news because resignations of key managerial personnel are considered material disclosures under stock exchange regulations.

Weekend Timing Affected Internal Reporting

Another factor highlighted by the company in its revised disclosure relates to the timing of the decision and internal reporting process.

The resignation acceptance occurred on February 14, 2026, while the following day, February 15, 2026, was a Sunday and therefore a non-working day.

Due to this, the information regarding the final decision and confirmation of cessation was made available to the Compliance and Secretarial Department on the next working day, February 16, 2026.

Once the compliance team received the information, they began examining regulatory obligations and disclosure requirements under the SEBI LODR regulations.

This procedural timeline became an important point in explaining the Logica Infoway BSE disclosure news and the timing of the corporate announcement.

Corporate Announcement Filed on February 17

After evaluating the regulatory implications and reviewing the resignation details, the Compliance Officer filed the corporate announcement with BSE on February 17, 2026.

This announcement was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which requires listed companies to disclose material events such as changes in key managerial personnel.

However, since the resignation had a retrospective effective date of February 1, 2026, the exchange later sought additional clarification regarding the timeline.

This resulted in the company submitting the revised disclosure explaining the sequence of events and the delay in filing.

Such clarifications are important in maintaining transparency in corporate governance and regulatory compliance.

Reason Behind the Delay Clarified

In its explanation to the stock exchange, Logica Infoway clarified that the delay occurred due to the retrospective nature of the resignation.

Since the resignation email was received on February 12, but mentioned February 1 as the last working day, the compliance team had to carefully evaluate how the disclosure should be made under the applicable regulatory framework.

The company emphasized that the delay was not intentional but occurred due to the sequence of communication and internal verification of information.

It further reaffirmed its commitment to comply with all regulatory requirements and disclosure norms under SEBI regulations.

This clarification is a critical part of Logica Infoway corporate governance update, demonstrating the company’s effort to maintain transparency with investors and regulators.

Regulatory Framework Governing the Disclosure

The disclosure has been made in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, particularly Regulation 30, which deals with material events and information disclosure.

Additionally, the company referenced the SEBI Circular dated July 13, 2023, which provides detailed guidelines on the disclosure requirements related to appointments, resignations, and changes in key managerial personnel.

These regulations require companies to disclose:

• The name of the key managerial personnel

• The reason for resignation

• The date of cessation

• Additional details where applicable

In this case, the disclosure confirmed that:

• Name: Ankur Bhutani

• Designation: Chief Operating Officer (North) and Key Managerial Personnel

• Reason for resignation: To pursue career opportunities outside the company

• Date of cessation: February 1, 2026

Providing such structured disclosures ensures that investors receive complete and transparent information regarding leadership changes.

Impact of the Leadership Exit

While the resignation of Ankur Bhutani from Logica Infoway represents a significant management update, the company has not indicated any operational disruption resulting from the change.

In large organizations, the Chief Operating Officer plays a critical role in overseeing daily operations, implementing strategies, and coordinating business functions across regions.

The exit of a senior executive often leads to temporary leadership restructuring or reassignment of responsibilities until a successor is appointed.

For investors tracking Logica Infoway latest corporate announcement, the key focus will likely be on whether the company appoints a new COO for the northern region or redistributes responsibilities among existing leadership members.

Logica Infoway’s Commitment to Transparency

In its communication to the stock exchange, the company emphasized that it remains committed to ensuring compliance with all regulatory requirements and making disclosures promptly once complete and confirmed information is available.

The statement reinforces the company’s commitment to:

• Corporate governance

• Regulatory compliance

• Transparency in investor communication

These principles are essential for maintaining trust in listed companies operating in India’s capital markets.

Availability of Disclosure on Company Website

The company also informed the exchange that the updated disclosure regarding the resignation of the COO North has been made available on its official website.

This ensures that shareholders, analysts, and other stakeholders can easily access the information and remain informed about developments within the company.

Providing such public access aligns with the broader objective of enhancing transparency in listed entities.

Broader Significance for Investors

Management changes are always closely monitored by investors because leadership stability often influences operational performance and strategic direction.

Although the resignation of Logica Infoway COO North Ankur Bhutani appears to be a personal career decision, the event remains relevant from an investor perspective because it involves a Key Managerial Personnel (KMP).

Such announcements typically become part of Top News Headlines in Logica Infoway category, as market participants track how companies handle executive transitions, regulatory compliance, and corporate disclosures.

Conclusion

The Logica Infoway resignation news regarding COO North Ankur Bhutani highlights the importance of transparency and regulatory compliance in listed companies.

The company’s revised disclosure to BSE clarifies the timeline surrounding the resignation, explains the reason for the delay in reporting, and confirms that the leadership exit occurred as part of a career decision by the executive.

By providing a detailed explanation and submitting the required documents, Logica Infoway has reaffirmed its commitment to corporate governance and adherence to SEBI regulations.

For investors and stakeholders monitoring Logica Infoway management change update, the focus will now shift to the company’s future leadership structure and operational continuity following the resignation of its COO North.

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