N R Agarwal Industries Limited said that Ramesh Harkulkar, its Senior General Manager – Accounts and Taxation, has tendered his resignation with effect from the close of business on March 25, 2026, citing personal reasons. The resignation letter was formally accepted, marking a notable mid-level leadership transition for the Mumbai-based manufacturer.
Harkulkar has been responsible for the finance function that covers accounts and taxation, a core pillar of the company’s operations. With his exit coming into effect at the end of March, NR Agarwal Industries will need to arrange interim coverage or identify a successor to oversee the high-stakes domain of financial compliance and reporting.
While the firm has not publicly named a replacement in this notice, the development underscores how personal factors can influence leadership in mid-market manufacturing, even as the company continues to navigate its strategic priorities. The communication reiterates gratitude for Harkulkar’s contributions and signals a formal transition underway within the finance leadership team.
Market observers will be watching how NR Agarwal Industries manages the transition in its Accounts and Taxation function and who steps into the role to ensure continuity in tax planning, regulatory compliance, and financial stewardship during the interim period.