Banco Products (India) Limited announced the resignation of Mr. Venkata Ranganath Kumar Sami from his positions as Whole-time Director (Innovations) and Chief Technical Officer (CTO). The cessation of his tenure is effective from the close of business hours on March 31, 2026, due to personal reasons, including relocation. Mr. Sami confirmed his three-month notice period, with his last working day being March 31, 2026, per the agreement.
Leadership Change Announcement
Banco Products (India) Limited formally disclosed a significant change in its leadership structure via a disclosure dated 31st March, 2026. Mr. Venkata Ranganath Kumar Sami has tendered his resignation from his roles as Whole-time Director (Innovations) & Chief Technical Officer (CTO) of the Company.
Effective Date and Tenure Details
The resignation will take effect from the close of business hours on 31st March, 2026. In his resignation letter, dated 02/January/26 (and received by the company on 13/01/26), Mr. Sami stated he would serve the agreed notice period of three months, confirming his final working day as March 31, 2026. The reason cited for his departure is personal reasons, specifically the need to relocate closer to his parents.
Appreciation and Transition
The company acknowledged Mr. Sami’s tenure of two and a half years, during which he contributed through technical leadership and capability building. The management has requested cooperation in ensuring a smooth and seamless transition during the notice period.
Regulatory Filings Summary
The disclosure confirmed that, as required, the details provided pertain to the cessation of appointment for Mr. Venkata Ranganath Kumar Sami (DIN: 11090878). No further details regarding his profile or relationships between directors are applicable as this is a resignation event.
Source: BSE
