Recode Studios accepted the resignation of Rahul Sachdeva as Chief Operating Officer effective August 24, 2026. The departure follows a personal request citing travel constraints and family health concerns.

Sachdeva stepped down from his role as Senior Management Personnel with immediate effect at the close of business hours on August 24, 2026. The company disclosed the change under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Reason for Resignation

In his resignation letter, Sachdeva attributed his decision to logistical and personal challenges. He stated an inability to commute daily between Panchkula and Ludhiana. Additionally, he cited the health condition of his elderly father as a primary factor necessitating his exit.

The Managing Director, Dheeraj Bansal, confirmed the acceptance of the resignation in a filing to the Bombay Stock Exchange. The company enclosed the detailed reasons provided by Sachdeva along with the regulatory intimation.

Regulatory Compliance

The disclosure aligns with Schedule III of the Listing Regulations and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Recode Studios submitted Annexure-A detailing the cessation of employment.

No replacement for the COO role was announced in the filing. The company did not disclose any financial impact or operational restructuring linked to this leadership change.

Recode Studios appointed two new independent directors and reconstituted three key board committees following resolutions passed by circulation on August 24, 2026. The appointments are subject to shareholder approval at the ensuing general meeting.

The board approved the appointment of Ms. Shailja and Ms. Palak Chugh as additional independent directors effective August 24, 2026. Both directors satisfy the independence criteria under the Companies Act, 2013 and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Neither director has any relationship with existing board members or key managerial personnel.

New Director Profiles

Ms. Shailja brings expertise in corporate secretarial practices, securities laws, and stock exchange compliances. She currently serves as Company Secretary at Bhawani Industries Private Limited, a role she has held since July 1, 2024. Her background includes handling IPO-related matters and regulatory filings for listed entities.

Ms. Palak Chugh possesses experience in banking operations and financial compliance. She previously served as a Compliance Associate at Kotak Mahindra Bank and is currently a Compliance Officer at Eldran Solutions LLP. Her expertise covers statutory corporate compliances and risk management frameworks.

Committee Reconstitution

The board reconstituted the Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee effective August 24, 2026.

Mr. Dheeraj Bansal, Managing Director, continues as a member of the Audit Committee. Ms. Shalini Trehan, Non-Executive Director, chairs the Stakeholders' Relationship Committee and serves as a member of the Nomination and Remuneration Committee.

What the Numbers Show

The simultaneous appointment of two independent directors with specialized compliance backgrounds signals a strengthening of the company's governance framework. With both new directors immediately assuming roles in the Audit and Nomination committees, the board has concentrated regulatory oversight responsibilities among its newest members.