Announced Tue, 12 May · 24:56 IST

Archean Chemical Industries Limited has informed the Exchange regarding Change in Director(s) of the company.

Management Changes View source PDF

ACI · price

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Price reaction · full curve 14 horizons · vs prior close
-11.5%1-day move
₹625.00
prior close
₹595.70
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3+0.8+1.1+1.7-11.5-10.4-14.4-13.6-14.5-16.8-14.4-13.1-15.4
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AI summary

Archean Chemical Industries' Board meeting on May 11, 2026 approved the re-appointment of two Independent Directors for a second term of 5 years each. Mr. K M Mohandass (a Chartered Accountant with 48 years of experience in audit, taxation, and corporate advisory) and Mr. C G Sethuram (a Chemical Engineer and IIM Ahmedabad graduate with 48 years in the chemicals industry) will serve from December 6, 2026 to December 5, 2031. Additionally, PKF Sridhar & Santhanam LLP was re-appointed as statutory auditors for a second term of 4 years from the 17th AGM (June 2026) until the 21st AGM (2030). All appointments are subject to shareholder approval at the ensuing AGM.

Likely market impact

This is a routine governance matter indicating stability in the board composition and audit function. The continuity of experienced independent directors is generally positive for corporate governance and shareholder confidence.