NATCO Pharma Limited has officially announced the resignation of Dr. Pavan Ganapati Bhat, who served as Director & Executive Vice President (Technical Operations), effective from the close of business hours on February 12, 2025. The company disclosed this under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board’s Acknowledgment of the Resignation

The resignation was formally acknowledged during the Board meeting held on February 12, 2025. In compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD2/CIR/P/2024/185, NATCO Pharma provided the necessary details regarding the resignation, stating that Dr. Bhat is stepping down to pursue a new career opportunity outside the company.

Background and Contributions of Dr. Pavan Ganapati Bhat

Dr. Pavan Bhat has been a key figure in NATCO Pharma’s technical operations, contributing significantly to the company’s growth and innovation in the pharmaceutical sector. While the company has not disclosed his next career move, his resignation marks a notable leadership transition within the organization.

Official Resignation Statement

In his resignation letter dated December 9, 2024, addressed to the Board of Directors, Dr. Bhat expressed his gratitude towards the management and leadership team for their support during his tenure. He also wished NATCO Pharma continued success in its future endeavors.

Regulatory Compliance and Market Impact

NATCO Pharma has ensured complete transparency in reporting this leadership change to the stock exchanges, namely BSE (Scrip Code: 524816) and NSE (Scrip Code: NATCOPHARM). The disclosure aligns with the company’s commitment to maintaining strong corporate governance and compliance with SEBI regulations.

The resignation of a senior executive such as Dr. Bhat could have implications for NATCO Pharma’s strategic operations, especially in technical and manufacturing domains. However, the company is expected to announce a succession plan soon to ensure a seamless transition in leadership.

What’s Next for NATCO Pharma?

Investors and stakeholders will closely monitor NATCO Pharma’s next move regarding the appointment of a successor and the impact of this leadership change on the company’s ongoing and future projects.

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