# Horizon Industrial Parks Accepts Mitesh Garg's Resignation as EVP-IT, Effective October 31

> Horizon Industrial Parks accepted EVP-IT Mitesh Vishnu Garg's resignation effective October 31, 2026, after he cited new challenges outside the company.

- Published: 2026-10-24T10:31:21+00:00
- Section: Leadership
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-24/horizon-industrial-parks-mitesh-garg-resignation
- Source: [ScanX](https://scanx.trade/stock-market-news/companies/horizon-industrial-parks-accepts-resignation-evp-it-mitesh-garg/54381765)

## Key takeaways

- Mitesh Vishnu Garg resigned as Executive Vice President - IT of Horizon Industrial Parks effective October 31, 2026.
- Garg submitted his resignation by email on October 23, 2026, citing a desire to pursue new challenges outside the company.
- Shraddha Poddar, Company Secretary and Compliance Officer, signed the intimation to BSE and NSE under SEBI Regulation 30.

[Horizon Industrial Parks](https://akta.pro/company-profiles/000hlz8/horizon-industrial-parks) Limited accepted the resignation of Mitesh Vishnu Garg, Executive Vice President - IT, effective October 31, 2026, according to [ScanX](https://scanx.trade/stock-market-news/companies/horizon-industrial-parks-accepts-resignation-evp-it-mitesh-garg/54381765). The company filed a disclosure with BSE and NSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

## Garg's Resignation Email and Transition

Garg submitted his resignation via email on October 23, 2026, addressed to Urvish Rambhia, the company's Whole-time Director and Chief Executive Officer. He cited the desire to pursue new challenges and opportunities outside the company as his reason for leaving.

In the email, Garg expressed gratitude to the Board, management team and colleagues for their support during his tenure. He said it had been a rewarding experience contributing to the company's growth and digital transformation initiatives, and committed to extending full cooperation to ensure a smooth transition of his responsibilities before his final day.

Shraddha Poddar, Company Secretary and Compliance Officer, signed the intimation on behalf of the board. The filing did not disclose any specific reasons related to performance or internal disputes, adhering to the standard format for voluntary resignations by senior management personnel under SEBI guidelines. No financial impact or replacement details were provided in the initial filing.

## Horizon Industrial Parks' Listing and Portfolio

Horizon Industrial Parks is an India-focused, Blackstone-backed industrial and logistics infrastructure developer, according to akta.pro [company records](https://akta.pro/company-data). The platform spans approximately 60 million sq ft across 46 assets in 10 cities, with 27 million sq ft completed and 95%+ committed occupancy. Blackstone acquired the platform in 2020 and holds an 89% stake.

The company filed its draft red herring prospectus with SEBI in December 2025 for an IPO targeting Rs 4,250 crore, comprising a Rs 1,650 crore pre-IPO placement and a Rs 2,600 crore fresh issue. The pre-IPO round raised $200 million from six investors, and Rs 2,250 crore of the fresh proceeds were designated for debt repayment.

## Earlier Leadership and Listing Milestones

Horizon Industrial Parks reappointed Asheesh Mohta as director and set its 17th AGM for September 30, 2026, ScanX reported in September 2026. Mohta, with over 18 years in real estate, offered himself for re-election as Non-Executive Non-Independent Director.

The company listed on August 24, 2026, and submitted its Code of Practices for Fair Disclosure of Unpublished Price Sensitive Information to the Bombay Stock Exchange and National Stock Exchange the same day, ScanX reported. Its Rs 2,600-crore initial public offering closed on August 19, 2026, with overall subscription at 1.45 times the offered shares, BusinessLine reported.

## AGM Resolutions and Next Steps

At its 17th AGM on September 30, 2026, shareholders approved all seven resolutions, including the adoption of audited standalone and consolidated financial statements for FY26 and the Horizon Industrial Parks Limited Employee Stock Option Plan 2025, ScanX reported. Consolidated voting results were to be submitted to stock exchanges within two working days.

## Companies in this story

- [Horizon Industrial Parks company profile](https://akta.pro/company-profiles/000hlz8/horizon-industrial-parks) · website: https://hiparks.com

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