On December 26, 2024, Renaissance Global Limited (Scrip Code: 532923; Symbol: RGL) issued an important notice to the BSE Limited and the National Stock Exchange of India Limited, announcing the resignation of Mr. Ariez Tata, the company’s President - Product Development. His resignation took effect from the close of business hours on December 20, 2024.

Reason for Resignation

According to the official communication, Mr. Tata has decided to resign to pursue his personal interests and commitments. This move was in line with his personal career goals, and the company expressed appreciation for his contributions during his tenure.

Compliance with SEBI Regulations

In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Renaissance Global has shared the necessary disclosures regarding Mr. Tata’s resignation. The company has provided the required information as per SEBI Circular no. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023.

Details of the Resignation

• Name of Senior Management Personnel: Mr. Ariez Tata, President - Product Development
• Reason for Resignation: To pursue personal interests and commitments
• Effective Date: Close of business hours on December 20, 2024
• Term of Appointment: Not applicable due to resignation

The letter of resignation from Mr. Ariez Tata is included in the annexures to the letter sent to the exchanges.

Impact on the Company

Mr. Tata’s resignation marks a significant transition for the company’s Product Development division. However, as per the official statement, the company is working towards ensuring a smooth transition and continued growth in its operations. The resignation of senior management personnel such as Mr. Tata is a common corporate transition, and Renaissance Global is likely to assess internal candidates or initiate an external search for a successor.

Further Information

As part of the compliance process, the company also shared the necessary disclosures under the SEBI regulations in the annexures, which include detailed information on the resignation process and the date of cessation.

For more information regarding the company's updates and further corporate announcements, keep an eye on the BSE and NSE listings, or visit the official website of Renaissance Global for updates on upcoming board decisions and company developments.

Conclusion

The resignation of Mr. Ariez Tata comes as a natural development in the dynamic corporate world, reflecting personal priorities. Renaissance Global Limited continues its focus on growth and leadership continuity, ensuring that this change does not disrupt its ongoing operations. For any additional insights into management changes or future leadership shifts, investors and stakeholders are encouraged to monitor official updates from the company.

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