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MUMBAI - Tata Steel (NSE:TISC) Limited announced today that Mr. Rajiv Kumar, Vice President - Operations at Tata Steel Kalinganagar, has resigned from his position. The Board of Directors, in their meeting held on the same day, has noted his resignation, which takes effect at the close of business hours today.
The company disclosed the departure of Mr. Kumar in compliance with the Securities and Exchange Board of India (SEBI) regulations, specifically Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The resignation details were provided in a format required by the SEBI regulations, although a brief profile of Mr. Kumar was marked as not applicable in the disclosure.
Mr. Kumar’s resignation is a significant change in the senior management of Tata Steel’s operations at the Kalinganagar plant. The reason for his departure was simply listed as "resignation," with no additional details provided regarding the circumstances or any future plans for Mr. Kumar.
Tata Steel has not immediately announced a successor or interim leadership for the Vice President - Operations role at Kalinganagar. The company’s disclosure did not elaborate on any plans for filling the vacancy or on any potential impact the resignation might have on the company’s operations.
This announcement was made to the London Stock Exchange (LON:LSEG) and is available for public record. The company has fulfilled its regulatory obligations by informing the stock exchange and its shareholders of this change in its senior management team.
As one of the leading steel manufacturing companies, Tata Steel is closely watched by investors and industry analysts. Changes in key management positions are of interest to stakeholders who track the company’s performance and strategic direction. The information in this article is based on a press release statement from Tata Steel Limited.
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