AksharChem India Limited has informed the Exchange regarding Change in Director(s) of the company.
AKSHARCHEM · price
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AksharChem India Limited's Board meeting on May 21, 2026 approved two director changes: (1) Appointment of Mr. Devalkumar Indrabal Suthar as Additional Director (Whole Time Director, Executive) for three years effective May 21, 2026, subject to shareholder approval. He is a finance professional with over 15 years of experience, associated with the company since 2010. (2) Resignation of Mr. Ashok Dolatsinh Barot as Executive Director effective close of business hours May 21, 2026, as earlier intimated on May 13, 2026. The Board placed on record appreciation for his contributions. Additionally, the Board approved audited FY2026 financial results showing loss before tax of Rs. 444.31 lakh (vs profit of Rs. 582.64 lakh in FY2025) due to fire-related exceptional items, and recommended a final dividend of Rs. 0.50 per share (5%).
The resignation of an Executive Director (KMP) alongside a parallel appointment represents a management transition. The company's FY2026 loss reflects impact from the earlier fire incident at the VS Plant, though insurance claims have been substantially settled. Shareholders should note the proposed dividend subject to AGM approval.