Banco Products (India) Limited has announced the resignation of Mr. Venkata Ranganath Kumar Sami, the Whole-time Director (Innovations) and Chief Technical Officer (CTO). The resignation is effective from the close of business hours on March 31, 2026, citing personal reasons necessitating relocation. Mr. Sami confirmed his last working day after serving the agreed three-month notice period, having initially joined in January 2026.
Key Executive Transition Announced
Banco Products (India) Limited officially informed the stock exchanges regarding a significant change in its top management structure. Mr. Venkata Ranganath Kumar Sami, who held the dual roles of Whole-time Director (Innovations) and Chief Technical Officer (CTO), has resigned from his positions within the company.
Effective Date and Notice Period
The cessation of Mr. Sami’s tenure is formally set for the end of the day on March 31, 2026. This decision follows the service of a stipulated three-month notice period, as detailed in his formal resignation letter dated January 2, 2026. The document noted that his original appointment date was January 2, 2026, meaning his tenure lasted just over two and a half years.
Reason for Departure
The formal notification confirms that the resignation stems from personal reasons. Specifically, Mr. Sami stated the necessity to relocate to his native place to be closer to his parents. He expressed gratitude for the trust and opportunities provided by the company leadership during his tenure.
Company Acknowledgment
The company has received the resignation and confirmation of the final working date. The announcement was signed by Preeti Yadav, Company Secretary, on March 31, 2026, ensuring compliance with disclosure requirements.
Source: BSE
