Automobile Corporation of Goa Limited (ACGL) has announced a significant change in its leadership, appointing Mr. Yatin Kakodkar as its new Non-Executive Chairman, effective September 12, 2025. This appointment follows the completion of Mr. Shrinivas V. Dempo's second consecutive term as Independent Director and Chairman on September 11, 2025.

Board Decision and Transition

The Board of Directors, in a meeting held on September 11, 2025, made this decision based on recommendations from the Nomination and Remuneration Committee. Mr. Kakodkar, who has been serving as an Independent Director on the ACGL board, will now take on the role of Non-Executive Chairman.

About Yatin Kakodkar

Mr. Kakodkar brings a wealth of experience and expertise to his new role:

• Educational Background: He holds a B.Com in Accounting from Sydenham College, Mumbai, and an MBA in General Management with a marketing concentration from Dartmouth College, USA.
• Professional Experience: Kakodkar is the Co-promoter and Director of Apex Packing Products Pvt. Ltd., a Goa-based FMCG packaging company he founded and has led for over 27 years.
• Community Leadership: He has been serving as the President of The International Centre Goa (ICG) since 2013 and is a Life Trustee since 2004.
• Industry Involvement: Kakodkar has been on the Managing Committee of the Goa Chamber of Commerce and Industry (GCCI) since 2009 and was appointed as its Vice President in July 2025. He also served as the Chairman of the CII Goa Council from 2003 to 2004.

Implications for ACGL

This leadership transition marks a new chapter for Automobile Corporation of Goa Limited. Mr. Kakodkar's extensive experience in business management and his involvement in various industry bodies position him well to guide ACGL through its next phase of growth and development.

Outgoing Chairman

As Mr. Shrinivas V. Dempo's term concluded, he also stepped down from his roles as a member of the Nomination & Remuneration Committee and the Corporate Social Responsibility Committee of the company.

Automobile Corporation of Goa Limited continues to operate from its registered office in Honda Sattari, Goa. This leadership change is expected to bring fresh perspectives to the company's strategic direction in the automotive sector.

Automobile Corporation of Goa Limited (ACGL) has announced a significant change in its corporate leadership. Mr. Shrikant Pai, the company's Compliance Officer, has tendered his resignation, citing personal reasons. The resignation will take effect from the close of business hours on August 4, 2025.

Resignation Details

According to the company's official statement, Mr. Pai's resignation has been accepted by ACGL. He will be relieved from all his duties and responsibilities as the Compliance Officer effective from the close of business hours on August 4, 2025.

Regulatory Compliance

ACGL has made the necessary regulatory disclosures as required under the Securities and Exchange Board of India (SEBI) regulations. The company has filed an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A 7(C) of Part A of Schedule III.

Company's Response

Mitesh Gadhiya, Company Secretary of Automobile Corporation of Goa Limited, signed the official communication to the BSE Limited. The company has assured that it has complied with all necessary disclosure requirements, including those specified in recent SEBI circulars dated November 11, 2024, and February 25, 2025.

About Automobile Corporation of Goa Limited

Automobile Corporation of Goa Limited, with its registered office in Honda Sattari, Goa, is a well-established company in the automobile sector. Listed on the BSE, ACGL continues to be a significant player in its industry.

The company has not yet announced a successor for the position of Compliance Officer. Stakeholders and investors will likely be watching closely for further updates on this transition in the company's leadership team.