Astec LifeSciences Limited has informed the Exchange regarding Appointment of Mr Burjis Godrej as an Additional Director (Non-Executive & Non-Independent) of the company w.e.f. close of business hours on April 13, 2026.
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Astec LifeSciences Limited announced significant leadership changes at its Board meeting on April 13, 2026. Mr. Nadir Godrej (75) retired as Chairman and Director, expressing intention to step down. Mr. Vishal Sharma (from Godrej Industries, the ultimate holding company) was appointed as new Chairperson and Additional Director. Mr. Burjis N. Godrej (son of Mr. Nadir Godrej) resigned as Managing Director with immediate effect to focus on Godrej Agrovet Limited (parent company) and was reappointed as Non-Executive Additional Director. Mr. Mathew Eipe was appointed as Independent Director (term until June 2027), and Mr. Arijit Mukherjee (existing COO) was appointed as Executive Director & COO. The Board composition will now have 10 directors with 50% independent directors.
The retirement of long-time Chairman Mr. Nadir Godrej marks a generational transition. Burjis Godrej stepping down as Managing Director to join parent Godrej Agrovet creates a key leadership gap. New Chairperson Vishal Sharma brings 30 years of chemicals experience from the Godrej group, while Arijit Mukherjee's elevation to Executive Director may provide operational continuity.