Concord Enviro Systems Limited has announced the retirement of its Chief Financial Officer, Mr. Sudarshan Kamath, effective from the close of business on January 02, 2026. The company communicated this development to both the National Stock Exchange of India Limited and BSE Limited on December 26, 2025, in compliance with regulatory requirements.

Key Details of the Retirement

The retirement announcement includes several important aspects that will impact the company's leadership structure:

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was signed by Executive Director Prerak Goel (DIN: 00348563) and includes comprehensive details as required by SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Company's Acknowledgment

Concord Enviro Systems Limited has formally recorded its appreciation for Mr. Kamath's valuable contributions during his tenure as Chief Financial Officer. The retirement represents a natural transition in the company's leadership structure, with the effective date marking the end of his role as a Key Managerial Personnel.

Stock Exchange Communication

The company has notified both major stock exchanges where its shares are listed:

The retirement will take effect from the close of business hours on January 02, 2026, with the cessation becoming effective from January 03, 2026. This timeline provides clarity for all stakeholders regarding the transition period and ensures smooth operational continuity.

Concord Enviro Systems Limited has issued a formal clarification to stock exchanges regarding recent significant movement in its share price, attributing the fluctuations to market conditions rather than any undisclosed corporate developments.

Regulatory Response to Exchange Inquiries

The company responded to surveillance inquiries from both the National Stock Exchange of India Limited (NSE) and BSE Limited on December 16, 2025. The exchanges had sought clarification regarding the recent significant movement in the company's securities across trading platforms.

Company's Official Position

Concord Enviro Systems categorically stated that there are no events, information, or announcements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that could impact the price behavior of the company's scrip as traded across exchanges.

The key points of the company's clarification include:

• Recent price movement is entirely due to market conditions
• No undisclosed price-sensitive information exists
• All regulatory disclosure obligations have been met
• Price fluctuations are purely market-driven

Regulatory Compliance Confirmation

The company reaffirmed its commitment to regulatory compliance, confirming that it has made and will continue to make all necessary disclosures under Regulation 30 of the Listing Regulations. This includes all price-sensitive information disclosed within stipulated timelines to stock exchanges where the company's securities are listed.

Executive Authorization

The clarification was signed by Prerak Goel, Executive Director of the company, bearing DIN: 00348563. The response was issued from the company's Mumbai office, demonstrating prompt compliance with exchange surveillance requirements.

The company has indicated its willingness to provide any further clarification or information that may be required by the exchanges, maintaining transparency in its communication with regulatory authorities.