Foods & Inns has accepted the resignation of Ameya T. Masurkar as Company Secretary, Compliance Officer, and Nodal Officer, effective August 11, 2026. The company disclosed the change in Key Managerial Personnel to the Bombay Stock Exchange and the National Stock Exchange of India Limited on August 11, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The resignation was submitted by Mr. Masurkar on June 23, 2026, citing personal and professional reasons. In his resignation letter addressed to the Board of Directors, Mr. Masurkar expressed gratitude for the support received during his tenure and assured full cooperation in ensuring a smooth transition of responsibilities, including the handover of all records and documents pertinent to his role.

The Board of Directors has formally acknowledged the resignation. Milan Dalal, Managing Director of Foods & Inns, signed the intimation letter submitted to the stock exchanges. The filing includes the notice of resignation along with detailed reasons provided by Mr. Masurkar, as required under Part A of Schedule III of the SEBI Listing Regulations.

Resignation Details

The disclosure also references SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, regarding the details of cessation of Key Managerial Personnel. The company has attached the resignation letter as Annexure A and the details of cessation as Annexure B in the regulatory filing.

What This Means for Governance

The departure of the Company Secretary and Compliance Officer marks a significant change in the company’s governance structure. As a Key Managerial Personnel, Mr. Masurkar was responsible for ensuring compliance with statutory and regulatory requirements. The company is now expected to appoint a successor to maintain continuity in its compliance framework and corporate governance obligations under the Companies Act, 2013 and SEBI regulations.

foods & inns has confirmed the cessation of Anand Krishnan as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective from the close of business hours on August 11, 2026. The company disclosed the finalisation of his exit to the stock exchanges, marking the end of a transition period that began with his initial resignation notice in June 2026.

The Board of Directors approved the cessation after Krishnan completed the handover process. This development follows earlier disclosures dated June 10, 2026, regarding his resignation due to personal and professional reasons, and a subsequent update on June 30, 2026, which extended his effective date of cessation to facilitate continuity within the finance function.

Krishnan’s departure is governed by Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company filed the requisite intimation with both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE).

Managing Director Milan Dalal authorised the disclosure, expressing the company’s appreciation for Krishnan’s contributions during his tenure. The filing noted that the extension of the exit date was specifically intended to allow for an orderly transition of financial responsibilities and ensure operational stability.

Transition Details

The resignation letter submitted by Krishnan was originally disclosed as Annexure A to the company’s communication dated June 10, 2026. No new appointment details were provided in this filing, indicating that the company has not yet named a successor or may be utilising interim arrangements to manage CFO duties pending a formal hire.

What This Means for Investors

The departure of a CFO represents a significant change in key managerial personnel, requiring close monitoring by investors for potential impacts on financial reporting timelines and strategic capital allocation. While the extended transition period suggests a planned handover rather than an abrupt exit, the absence of an immediate successor announcement leaves a leadership vacuum in the finance function until further disclosures are made.