VL E-Governance & IT Solutions Limited announced that Nishikant Kishanrao Hayatnagarkar has resigned from the positions of Chairman and Executive Director, effective at the close of business hours on 5 September 2026. The move marks a significant leadership transition for the Mumbai-based IT solutions specialist, with Hayatnagarkar stepping away from the top governance role after a tenure that spanned multiple board-level responsibilities.
Following his resignation, Hayatnagarkar will also cease to be a member of the Audit Committee, Stakeholders Relationship Committee, Risk Management Committee and Corporate Social Responsibility Committee. The company noted that there are no material reasons for his resignation beyond the personal reasons stated in his letter.
In his resignation letter, Hayatnagarkar expressed gratitude for the trust, support and collaboration extended by the Board, management and colleagues during his tenure, and he wished the company continued growth and success in the years ahead.
As the organization navigates this leadership transition, VL E-Governance & IT Solutions will likely review its governance and strategic oversight framework. The company said it will make the information available on its website and will provide updates as appropriate.