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.

Corporate Governance Update

Huhtamaki PPL (ISIN: INE275B01026) has recently announced significant changes to its board of directors. These appointments reflect the company's commitment to strengthening its leadership and governance structure.

New Appointments

The company has made the following key appointments to its board:

1. Mr. Amit Banati has been appointed as an Additional Director in the capacity of Non-Executive Director.
2. Mr. Eric Le Lay has been appointed as an Additional Director in the capacity of Non-Executive Director.

Effective Date

Both appointments are effective from May 11, 2023. This action by the company ensures continuity in board operations and strategic oversight.

Impact on Corporate Governance

These appointments are expected to bring fresh perspectives and international expertise to Huhtamaki PPL's board. Mr. Banati and Mr. Le Lay's experience in the global packaging industry could potentially contribute to the company's strategic direction and growth initiatives.

Shareholder Approval

It's important to note that these appointments are subject to shareholder approval at the upcoming general meeting. This process aligns with good corporate governance practices, allowing shareholders to have a say in the composition of the board.

Conclusion

The addition of Mr. Amit Banati and Mr. Eric Le Lay to Huhtamaki PPL's board signifies the company's focus on enhancing its leadership team. Shareholders and market observers will likely watch closely to see how these new directors influence the company's future strategies and performance.