Jubilant Ingrevia Limited announced the resignation of Birajeev Singh, Sr. Vice President - Supply Chain, effective from the close of business hours on November 5, 2026. The departure was disclosed to stock exchanges pursuant to SEBI listing regulations.

Resignation details

The company filed an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The event occurred on October 1, 2026, at 7:25 pm. Singh cited a "better opportunity" as the reason for his resignation in the disclosure annexure.

Internal communication

In an email dated October 1, 2026, addressed to Deepak Jain and Vinita Koul, Singh tendered his resignation from the position of Chief of Supply Chain. He stated that the decision was due to personal reasons, contrasting with the "better opportunity" reason listed in the regulatory filing. Singh expressed gratitude for the opportunities during his tenure and committed to ensuring a smooth transition of responsibilities during the notice period.

The resignation was accepted by Deepanjali Gulati, Company Secretary & Compliance Officer, who signed the digital intimation to BSE and NSE.

Jubilant Ingrevia Limited board of directors approved an amendment to its Employee Stock Option Plan 2021 to increase the ESOP pool from 20 lakh to 30 lakh stock options. The decision, taken on October 1, 2026, is subject to final approval from the company's shareholders.

The Board acted on the recommendation of the Nomination, Remuneration and Compensation Committee. The amendment complies with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The expanded pool will allow the company to grant additional equity shares to eligible employees in one or more tranches.

Rationale for expansion

The company stated that the existing pool was nearing utilisation limits. To address future requirements for talent retention, leadership succession, and strategic hiring, the Board deemed the current allocation inadequate. The enhancement aims to strengthen alignment between employee performance and shareholder value creation while maintaining competitiveness with industry peers.

Key plan details

The following table outlines the specific parameters of the amended ESOP plan as disclosed in the regulatory filing:

Dilution and compliance

The proposed increase represents a potential dilution of 1.88% of the paid-up share capital based on figures as on September 30, 2026. The company confirmed that no options have been vested or exercised under this specific amendment yet, as it awaits shareholder ratification. Further details regarding significant terms and diluted earnings per share impacts will be disclosed when seeking formal approval from shareholders.