Managing Director of Limited to resign with effective from November 2026

The Managing Director of Limited has resigned, with the resignation effective from the close of business on November 3, 2026. The company disclosed this information in a regulatory filing on Tuesday.

Key Highlights

• Managing Director of Limited resigns effective November 3 2026
• Basu joined the company in January 2020 and became Managing Director in March 2023
• Company has not disclosed reasons for resignation or succession plans

Details of Resignation

The outgoing Managing Director, Basu, has been with the company since January 1, 2020. He was promoted to the role of Managing Director on March 1, 2023. The company stated in its filings that the resignation will take effect on the specified date. No reasons for the resignation were provided, and there was no mention of succession plans.

Statement from Basu

In his resignation letter, Basu said he plans to pursue new professional opportunities. He thanked the Board of Directors for their trust and confidence during his tenure. Basu described his experience leading the organisation as rewarding and enriching.

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CarBike 360 Says

The resignation of Limited’s Managing Director marks a pivotal moment for the company as it prepares for a leadership transition later this year. While the move signals the end of an era, it also opens the door for fresh strategic direction. Stakeholders will now closely watch how the company navigates this change and shapes its future growth trajectory.