Huhtamaki India Limited has informed stock exchanges about the resignation of a senior management personnel from the company. The packaging company filed the intimation under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations on December 24, 2025.

Senior Management Departure

Mr. Saurabh Kothari has resigned from his position as Head of Sales, GKA (General Key Accounts) with effect from December 24, 2025. The resignation details were communicated to both BSE Limited and National Stock Exchange of India Limited as per regulatory requirements.

Resignation Communication

In his resignation letter dated October 15, 2025, addressed to Dhananjay Salunkhe, Kothari formally announced his decision to step down from his role. He expressed his gratitude for the opportunities and experiences gained during his long association with the company.

Key highlights from the resignation letter:

• Huhtamaki has been an integral part of his professional journey for nearly two decades
• Acknowledged the trust, collaboration, and invaluable opportunities experienced
• Expressed pride in contributing to the company's growth story
• Committed to completing current priorities and ensuring smooth handover

Regulatory Compliance

The company filed the resignation intimation in compliance with Regulation 30 and other relevant provisions of the SEBI Listing Regulations. The notification was signed by Abhijaat Sinha, Company Secretary & Legal Counsel, and included the required annexure with detailed information as per SEBI circular guidelines.

The resignation represents a significant change in the senior management structure of Huhtamaki India Limited's sales division, particularly in the General Key Accounts segment.

Huhtamaki PPL has announced a significant change in its leadership team. Jagdish Agarwal, who currently serves as the Executive Director and Chief Financial Officer (CFO) of the company, has tendered his resignation to pursue professional opportunities outside the organization.

Key Details of the Resignation

BSE Clarification Request and Company Response

BSE Limited sought additional details and clarification regarding the copy of resignation letter of Jagdish Agarwal through an email dated December 10, 2025. The exchange highlighted a procedural matter concerning the submission timeline of the resignation letter copy.

The company acknowledged that while Agarwal's resignation was effective from December 1, 2025, there was an inadvertent delay of one day in submitting the copy of the resignation letter to BSE. Huhtamaki India assured the exchange that it will continue to make timely submissions for all required disclosures.

Corporate Governance and Regulatory Compliance

The company has promptly disclosed this development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also adheres to SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring that shareholders and the market are informed of changes in key managerial personnel and board composition.

Impact on Huhtamaki India

Agarwal's departure represents a significant change for Huhtamaki India, as he holds crucial roles within the organization. As both an Executive Director and the CFO, Agarwal has been instrumental in the company's financial strategies and corporate governance.

Next Steps

While the company has not yet announced a successor, the substantial notice period until December 2025 provides Huhtamaki India with ample time to conduct a thorough search for a suitable replacement. This transition period should allow for a smooth handover of responsibilities and maintain continuity in the company's financial leadership.

Huhtamaki India Limited, a part of the global Huhtamaki Group, is known for its packaging solutions. The company's ability to manage this transition effectively will be crucial for maintaining investor confidence and ensuring stable financial management in the coming months.