Tube Investment has announced key changes in its senior management personnel, with one retirement and one new appointment taking effect at the year-end transition. The company disclosed these changes in compliance with SEBI listing regulations on December 31, 2025.

Senior Management Transition Details

The management changes involve a seamless transition as one senior executive retires and another steps into a senior management role. The timing of these changes ensures continuity in operations as the company moves into the new year.

Outgoing Senior Management Personnel

Mr. Krishna Srinivas, who served as Senior Management Personnel, retired from the company's services on December 31, 2025. His retirement marks the end of his tenure with Tube Investments, creating the vacancy that necessitated the new appointment.

New Senior Management Appointment

Mr. Ganesh Gulab Kale has been designated as Senior Management Personnel effective January 1, 2026. His appointment comes pursuant to Mr. Krishna Srinivas' retirement, ensuring continuity in the senior management structure.

Professional Background and Qualifications

Mr. Kale brings substantial experience and strong educational credentials to his new role:

Mr. Kale is recognized as a seasoned technology and innovation leader with extensive experience in guiding organizations. His appointment under existing terms of employment reflects the company's confidence in his capabilities to contribute to senior management responsibilities.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The announcement was made in accordance with SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring full transparency with stakeholders regarding these senior management changes.

Tube investment announced the allotment of 820 equity shares on December 26, 2025, under its Employee Stock Option Plan 2017. The allotment was made pursuant to the exercise of stock options by eligible employees of the company.

Share Allotment Details

The company allotted the equity shares with specific parameters as outlined in its regulatory filing:

The allotment represents the exercise of stock options by eligible employees under the company's established employee stock option scheme.

Impact on Share Capital

The share allotment has resulted in changes to the company's equity structure:

The increase in outstanding shares represents a marginal expansion of 0.004% in the company's equity base.

Regulatory Compliance

The company has informed both the National Stock Exchange of India Limited and BSE Limited about this allotment in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was filed on the same day as the allotment, ensuring timely disclosure to the stock exchanges and investors.

This allotment demonstrates the company's commitment to its employee incentive programs and reflects the exercise of stock options by eligible employees under the structured Employee Stock Option Plan 2017.