Gokaldas Exports has disclosed two key leadership changes under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company announced the appointment of Mr. Gokal Chittaranjan as President – International Business, effective May 13, 2026, while Chief Operating Officer Mr. Bhargava Huchurao has tendered his resignation, effective end of June 2026. The disclosures were filed on May 15, 2026, and signed by Company Secretary & Compliance Officer Gourish Hegde.

Leadership Changes at a Glance

The two personnel developments represent changes at a senior leadership level within the organisation. The following table summarises the key details of both changes as disclosed to the stock exchanges:

New Appointment: President – International Business

Mr. Gokal Chittaranjan has joined Gokaldas Exports as President – International Business. He brings over 35 years of experience in the apparel industry, with expertise spanning manufacturing, marketing, product development, and operations. Over the course of his career, he has held several leadership positions, including Chief Operating Officer at Busana Apparel Group, Indonesia. Mr. Chittaranjan holds a Bachelor of Engineering degree in Mechanical Engineering from BMS College of Engineering, Bangalore University, India.

COO Resignation

Mr. Bhargava Huchurao submitted his resignation from the position of Chief Operating Officer on May 13, 2026. In his resignation letter addressed to Vice Chairman and Managing Director Mr. Sivaramakrishnan Ganapati, Mr. Huchurao noted that he had been with the company for over 2.5 years. He requested that his last working day be set as end of June 2026, during which transition formalities are to be completed. The company has acknowledged the resignation and the effective cessation date has been confirmed as end of June 2026.

Regulatory Disclosure

The disclosures were made in compliance with Regulation 30 read with Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015, and in accordance with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The filing confirms that there is no relationship between the directors as applicable to either of the two individuals involved in the personnel changes.

Gokaldas Exports has allotted 26,400 equity shares of Rs. 5/- each on May 07, 2026, following the exercise of stock options by eligible employees. The allotment was carried out by the Nomination and Remuneration Committee of the company in compliance with Regulation 30 read with Schedule III Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

ESOP Allotment Breakdown

The 26,400 equity shares were allotted under two distinct employee stock option schemes. The following table summarises the scheme-wise distribution:

Impact on Paid-Up Share Capital

Effective May 07, 2026, the allotment has resulted in an increase in the paid-up share capital of Gokaldas Exports. The table below captures the change in share capital following the allotment:

The disclosure was made by Gourish Hegde, Company Secretary & Compliance Officer of Gokaldas Exports, and filed with both BSE Limited and the National Stock Exchange of India Limited on May 07, 2026.