Renaissance Global Ltd has accepted the resignation of Mr. Akshay Kumar Sharma from the position of President of Bridal Division, effective from the close of business hours on July 15, 2026. The senior management personnel resigned to pursue his personal interests and commitments. This leadership change impacts the company's Bridal Division operations.

The company informed the stock exchanges regarding the cessation of the senior management personnel pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was submitted along with the required disclosures under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Resignation Details

The formal resignation letter submitted by Mr. Akshay Kumar Sharma cited the pursuit of further growth opportunities as the reason for his departure. The company acknowledged the resignation and initiated the necessary formalities, including full and final settlement and the issuance of relieving and experience letters.

The resignation was accepted by the management, and the necessary disclosures were filed with BSE Limited and National Stock Exchange of India Limited. The company confirmed that the resignation was effective from the closure of business hours on the stipulated date.

Sumit Shah, a promoter of Renaissance Global Limited, increased his shareholding in the company through open market purchases between June 10, 2026, and June 11, 2026. The acquisition involved 41,874 equity shares. Following this transaction, Shah's cumulative stake in the company rose to 1.00% of the total paid-up share capital.

The disclosure was submitted to BSE Limited and the National Stock Exchange of India Ltd. in compliance with Regulation 7(2)(b) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The filing detailed the acquirer's holdings before and after the transaction, confirming no other encumbrances or convertible instruments were involved.

Acquisition Details

The acquisition was executed entirely through the open market mechanism on the National Stock Exchange of India. Prior to the purchase, Sumit Shah held 10,30,830 shares, accounting for 0.96% of the company's voting rights. The additional purchase of 41,874 shares brought his total holding to 10,72,704 shares.

Holding Structure

The transaction was valued at ₹40.07 lakh. The filing confirmed that there are no warrants, convertible securities, or other instruments entitling the acquirer to additional voting rights.