Pursuant to Regulation 30 read with Para A of Part A of Schedule III and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), Radiant Cash Management Services has informed that Ayyavu Palanichamy Vasanthakumar (DIN: 02069470) has tendered his resignation from the position of Non-Executive Nominee Director of the Company, effective from the close of business hours on April 25, 2025, vide resignation letter dated April 25, 2025. The resignation has been tendered citing reasons that the shareholding of Ascent India Fund III (through its duly appointed manager, Ascent Capital Advisors India), the nominating investor, falling below the threshold of 5% as prescribed under Article 177 of the Articles of Association of the Company, for entitlement to nominate a Director on the Board of the Company. Disclosure of information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 November 11, 2024 are given in Annexure A. A copy of the resignation letter is enclosed as Annexure B.
The above information is a part of company’s filings submitted to BSE.
