Revathi Equipment accepts resignation of VP B. Srinivasan

1 min read     Updated on 11 Aug 2026, 02:15 AM
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AI Summary

Revathi Equipment India Limited announced the acceptance of B. Srinivasan's resignation as Vice President (Operations), effective September 14, 2026. The move was disclosed under SEBI Listing Regulations, with the Board appreciating his contributions. No other material reasons for the resignation were cited.

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Revathi Equipment India Limited has accepted the resignation of B. Srinivasan, its Vice President (Operations), effective September 14, 2026. The departure, attributed to personal reasons and pre-occupation, marks a change in the company’s senior management team. The Board of Directors placed on record its appreciation for Srinivasan’s experience, independent judgment, and commitment during his tenure.

The resignation was formally tendered via a letter dated July 17, 2026. In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III, the company notified the stock exchanges of this cessation of Senior Management Personnel. The disclosure was also made pursuant to SEBI Master Circular bearing Ref. No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Srinivasan confirmed that there are no other material reasons for his resignation beyond those stated in his letter. He assured the company of a smooth transition of responsibilities during the notice period leading up to his exit date.

Resignation Details

Particulars Description
Name B. Srinivasan
Designation Vice President (Operations)
Reason for Change Resignation due to pre-occupation and personal commitments
Effective Date Close of business hours on September 14, 2026

The company secretary and compliance officer, Nishant Ramakrishnan, signed the disclosure letter dated August 10, 2026. The announcement was communicated to both the BSE Limited and the National Stock Exchange of India Limited.

What This Means for Investors

The departure of a senior operations executive may prompt investors to monitor subsequent announcements regarding leadership succession or operational restructuring. While the company cited personal reasons, such changes can sometimes signal broader organizational shifts. Shareholders should watch for any follow-up disclosures regarding interim arrangements or new appointments to fill the vacancy left by Srinivasan.

Historical Stock Returns for Revathi Equipment

1 Day5 Days1 Month6 Months1 Year5 Years
-1.75%+2.88%-2.57%+15.16%-18.90%-76.91%

Has Revathi Equipment identified an internal successor or initiated a search for a new Vice President of Operations to ensure continuity?

What specific operational risks or supply chain disruptions might arise during the transition period before a permanent replacement is appointed?

How might this leadership change impact Revathi Equipment's ongoing projects and client delivery timelines in the near term?

Revathi Equipment India accepts retirement of VP S. Balasundaram

1 min read     Updated on 11 Aug 2026, 02:06 AM
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AI Summary

Revathi Equipment India Limited announced the retirement of S. Balasundaram, VP – Marketing (PSU) & QC, effective August 10, 2026. The filing under SEBI Regulation 30 notes his cessation as Senior Management Personnel. The Board thanked him for his experience and commitment, with no resignation letter required due to the nature of retirement.

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Revathi Equipment India Limited has confirmed the retirement of S. Balasundaram, who served as Vice President – Marketing (PSU) & Quality Control. Effective from the close of business hours on August 10, 2026, Balasundaram will cease to be a member of the company’s Senior Management Personnel. This leadership change is part of the company’s routine succession planning and does not involve any resignation due to dispute or regulatory action.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III. The company also referenced SEBI Master Circular bearing Ref. No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, in its filing. Since the departure is due to retirement, the requirement for a formal resignation letter was deemed not applicable by the company secretary.

The Board of Directors placed on record its appreciation for Balasundaram’s contributions. Management highlighted his valuable guidance, independent judgment, and unwavering commitment, noting that the company benefitted immensely from his experience during his tenure. The transition aims to ensure continuity in the marketing and quality control functions for public sector undertakings (PSUs).

Retirement Details

Particulars Description
Name S. Balasundaram
Designation Vice President – Marketing (PSU) & Quality Control
Reason for Change Retirement
Effective Date Close of business hours on August 10, 2026

Nishant Ramakrishnan, Company Secretary and Compliance Officer, signed the intimation letter dated August 11, 2026. The notice was submitted to both BSE Limited and the National Stock Exchange of India Limited for record-keeping purposes. No further details regarding his replacement were provided in the immediate filing.

Historical Stock Returns for Revathi Equipment

1 Day5 Days1 Month6 Months1 Year5 Years
-1.75%+2.88%-2.57%+15.16%-18.90%-76.91%

Who has been appointed or is being considered to succeed S. Balasundaram as VP – Marketing (PSU) & Quality Control?

How might this leadership transition impact Revathi Equipment's ongoing contracts and relationships with key Public Sector Undertakings (PSUs)?

Has the company outlined a specific timeline for the recruitment process to fill the vacant senior management position?

More News on Revathi Equipment

1 Year Returns:-18.90%