Emami Realty's legal head Priyankar Dasgupta to step down

Emami Realty Limited, the Kolkata-based developer listed on BSE (533218) and NSE (EMAMIREAL), has said its Vice President - Legal, Priyankar Dasgupta, will resign with effect from December 2026. The company made the disclosure in a stock exchange filing dated 24 September 2026 under Regulation 30 of the listing rules, which covers changes in management.

The filing gives only the month. A later market news item has reported that the company released Dasgupta ahead of that schedule. The company's filing does not give an earlier date, and no statement from the company on the reason for the early release has been published in the material available to us. Dasgupta has not publicly commented on his exit.

Background of the role

Dasgupta was appointed to the post with effect from 19 August 2025. At that time the company described his experience as more than 25 years in land acquisition, due diligence, real estate regulatory compliance, litigation management, corporate legal advisory and risk mitigation. He has previously worked as Vice President at Siddha Group and Shrachi Group, and has been associated with DLF Universal, Indus Towers, Citigroup Global Services and the law firm Dasgupta and Chatterjee. He holds an LL.B. from the University of Kolkata and a postgraduate diploma in industrial relations and personnel management from Bharatiya Vidya Bhavan.

The company's leadership list names Dr Nitesh Kumar Gupta as Managing Director and CEO, and Rajendra Agarwal as CFO. No replacement for the legal role has been named in the filings reviewed.

Other changes at the company

The legal exit is not the only recent change in the company's senior team. The following have been disclosed:

• On 13 October 2026, the company disclosed that National Head - Sales & Marketing Tarun Kanti Mukherjee had resigned, effective 11 January 2027. He had been appointed to the post effective 6 November 2025.
• On 9 October 2026, the company intimated receipt of a resignation letter from a key managerial personnel. Whole-time director Rajesh Bansal's letter is dated 21 September 2026 and was received on 9 October 2026, a gap the company's disclosures do not explain.
• On 11 September 2026, a market news item reported that the Securities and Exchange Board of India had fined the company ₹2 lakh for violations of the listing rules. The penalty order itself has not been reviewed for this report.
• On 30 September 2026, shareholders approved a borrowing limit of ₹5,000 crore at the company's 18th annual general meeting.

Kolkata buyers should note that the company's current Kolkata projects are not named in any of these disclosures, and nothing in the filings links the exit to any project's construction or sales. The company's Kolkata projects include Emami Aamod in New Alipore, launched in November 2024 with 223 3 BHK and 4 BHK apartments across four towers, Emami Business Bay in Salt Lake Sector V, and Emami Aastha, a bungalow township cluster in Bhasa near Joka.

What it means for Kolkata

For buyers around Joka, the nearest metro is Joka station on the Phase-1 line, which runs from Joka to Majherhat with seven stations. A 1.7 km extension beyond Joka has been put out to tender by Rail Vikas Nigam Limited, at an estimated cost of ₹378 crore. Buyers in Bhasa and Joka should check the status of any extension against official notices before relying on it, and should confirm with the company in writing the status of any project they have booked.

The share price was ₹66.55 on 30 October 2026, down 3.03% on the day. That quote is a market figure, and no reason tied to the legal exit has been given for the move. Buyers and investors should watch the company's next filing for the exact exit date and any name for a successor to the legal role.