Morganite Crucible (India) Limited has formally notified the Bombay Stock Exchange regarding the resignation of a senior officer, in compliance with regulatory disclosure requirements. The announcement was made on April 1, 2026, following established corporate governance protocols.

Resignation Details

Mr. Hanumant Mandale has resigned from his position as Global Shared Services (MMS) Manager, with the resignation taking effect from March 31, 2026, at the end of business hours. The company has disclosed this information pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

The disclosure was made in accordance with Para A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular reference no. CIR/CFD/CMD/4/2015 dated September 9, 2015. Company Secretary & Compliance Officer Pooja Jindal, with membership number A40146, signed the official communication from the company's Chhatrapati Sambhajinagar (Aurangabad) location.

Internal Communication

Internal correspondence reveals that Mr. Mandale submitted his resignation on March 30, 2026, which was promptly accepted by the management. The resignation communication indicated his departure from multiple roles within the organization, with the Global Shared Services Manager position being the final role to conclude on March 31, 2026.

The company has fulfilled its regulatory obligations by providing timely disclosure to the stock exchange, ensuring transparency in corporate governance matters as required under SEBI regulations.

Morganite crucible (India) Limited has formally submitted the resignation letter of its Chief Financial Officer Hanumant Mandale to the Bombay Stock Exchange, following a delayed filing that required regulatory clarification. The resignation became effective from the end of business hours on February 11, 2026.

Resignation Details and Timing

The CFO resignation was initially announced through a corporate filing on February 11, 2026, at 08:18:06 PM under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. However, the company inadvertently omitted the resignation letter attachment during the original filing process.

Reason for CFO Transition

In his resignation letter addressed to the Board of Directors, Hanumant Mandale cited specific organizational reasons for his departure from the CFO position. The decision was made based on management advice to support the recent change in ownership and control of the company. Additionally, the resignation aligns with ongoing consolidation of senior management positions between Morganite Crucible India Ltd and its parent company Foseco India Ltd.

Continued Role Within Organization

Despite stepping down from the CFO position, Mandale will remain with the organization in a different capacity. He will continue to serve as Manager of Finance Shared Service Centre (MMS), ensuring continuity in the company's financial operations during the transition period.

Regulatory Compliance and Documentation

Company Secretary and Compliance Officer Pooja Jindal submitted the delayed resignation letter documentation to ensure full regulatory compliance. The company emphasized that while the resignation announcement was filed immediately on February 11, 2026, the supporting documentation required resubmission to meet BSE requirements. The filing was completed from the company's registered office in Chhatrapati Sambhajinagar (Aurangabad), Maharashtra.