The company has accepted his resignation and he will be relieved from his responsibilities with effect from 14 October 2022.
The Board has taken note of his resignation and expressed its appreciation for his contributions during his tenure.
Mihir informed the company that he wants to pursue career opportunities outside the organisation.
Modi is a professional with over 20 years of career spanning finance, M&A, strategy and general management, across large-scale listed companies and early-stage start-ups in India, Europe and Africa. Before Joining STL, he had worked with Zee, Ernst & Young, Novartis Pharma in Europe and Godrej Consumer Products.
\"The Company is in the process of appointing a new Chief Financial Officer<\/a> and the same will be intimated to the exchanges in due course\" STL said in a regulatory filing.
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