Pine labs Limited has announced a significant change in its senior management team with the resignation of Mr. Navin Ashokkumar Chandani from his position as President & Chief Business Officer – Issuing. The company disclosed this development in compliance with regulatory requirements under SEBI regulations.

Resignation Details

Mr. Navin Ashokkumar Chandani formally tendered his resignation through a letter dated February 14, 2026, with his departure scheduled for the close of business hours on April 06, 2026. The resignation follows his decision to pursue career opportunities outside Pine Labs Limited.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pine Labs ensured full compliance by providing comprehensive details as required under the regulatory framework, including the Master Circular HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

Official Communication

In his resignation letter addressed to Chairman, Managing Director & CEO Mr. B. Amrish Rau, Chandani expressed gratitude for his association with the company. He extended appreciation to the Board of Directors, company management, and colleagues for their support during his tenure, while wishing the company continued success in its future endeavors.

Corporate Governance

The announcement was signed by Company Secretary and Compliance Officer Neerav Mehta (Membership Number: A20949) and communicated to both BSE Limited and National Stock Exchange of India Limited. The company has made the information available on its investor relations website, ensuring transparency for all stakeholders regarding this senior management transition.

Pine Labs Limited has filed its quarterly compliance certificate with stock exchanges for the quarter ended March 31, 2026, maintaining its commitment to regulatory adherence under SEBI guidelines.

Quarterly Compliance Filing

The company submitted the mandatory certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 to both BSE Limited and National Stock Exchange of India Limited on April 06, 2026. Company Secretary and Compliance Officer Neerav Mehta signed the filing, ensuring timely regulatory compliance.

Registrar Confirmation

KFin Technologies Limited, serving as Pine Labs' Registrar and Share Transfer Agent, issued the compliance certificate confirming the regulation's non-applicability to the company. Vice President Dnyanesh Gharote signed the certificate on behalf of KFin Technologies.

The registrar confirmed two key compliance aspects:

• Complete dematerialisation of all company shares
• Zero rematerialisation requests received during the quarter

Share Structure Status

The certificate validates that Pine Labs maintains a fully digital share structure with no physical share certificates in circulation. This digital-first approach aligns with modern market practices and regulatory preferences for dematerialised holdings.

Regulatory Framework

Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 requires companies to file quarterly certificates regarding share dematerialisation status. The regulation becomes non-applicable when companies maintain complete dematerialisation without any rematerialisation requests, as demonstrated by Pine Labs.

The company has made this information publicly available on its investor relations website, ensuring transparency for stakeholders and maintaining open communication channels with the investment community.