AG Ventures Limited (formerly Oriental Carbon and Chemicals Limited) has notified the stock exchange of the resignation of Mr. Abhinaya Kumar from the position of Chief Executive Officer (KMP – Key Managerial Personnel), effective from the closing of business hours on May 8, 2026. The intimation was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

CEO Resignation Details

Mr. Abhinaya Kumar submitted his resignation letter dated May 6, 2026, addressed to the Chairman of AG Ventures Limited. In his letter, he stated that he was resigning to pursue career opportunities outside the organisation and requested relief from his duties effective from the closure of business hours on May 8, 2026. The company acknowledged his resignation and confirmed that he has been relieved of his duties accordingly.

The following table summarises the key details of the resignation as disclosed under Regulation 30 read with Schedule III of the Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026:

Regulatory Compliance

The disclosure was filed by AG Ventures Limited in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company has also indicated that necessary forms will be submitted with the Registrar of Companies to give effect to the resignation. The intimation was signed by Vipin, Company Secretary (Membership No. A55308), on behalf of AG Ventures Limited.

In his resignation letter, Mr. Kumar expressed gratitude for the opportunities and experience gained during his tenure and conveyed his thanks to the Board of Directors, senior management, and colleagues for their support and cooperation.

AG Ventures Limited has issued a clarification to BSE Limited regarding the significant movement in its share price, confirming that the company remains fully compliant with all regulatory disclosure requirements. The response, dated April 10, 2026, addresses BSE's query about recent price volatility in the company's scrip across exchanges.

Regulatory Compliance Confirmation

The company has categorically stated that it has made all necessary disclosures pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. AG Ventures emphasized that no material information or events that could influence the scrip's price movement have been withheld from public disclosure.

Price Movement Attribution

According to the company's official response, the significant price movement in AG Ventures' shares on stock exchanges is attributed to market conditions and the present environment. The company has not identified any specific corporate developments or undisclosed material events as drivers of the price volatility.

Corporate Identity and Contact Details

AG Ventures Limited, formerly known as Oriental Carbon and Chemicals Limited, operates under CIN L64990UW1978PLC249903. The company maintains its investor relations through dedicated communication channels and continues to prioritize transparency in its dealings with stakeholders and regulatory authorities.

Commitment to Ongoing Compliance

The company has assured BSE and market participants of its continued adherence to SEBI regulations. AG Ventures stated that it has always abided by Regulation 30 requirements and committed to maintaining the same standard of compliance going forward. The response was signed by Company Secretary Vipin, emphasizing the formal nature of the regulatory communication.