Astec LifeSciences Limited has informed the Exchange regarding Outcome of Board Meeting held on April 13, 2026.
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Astec LifeSciences Limited announced significant leadership changes at its board meeting. Mr. Nadir Godrej retired as Chairman and Director after reaching nearly 75 years of age, with the board expressing appreciation for his guidance. Mr. Vishal Sharma, Executive Director & CEO of Chemicals at Godrej Industries Limited (the ultimate holding company), has been appointed as the new Chairman. Mr. Burjis N. Godrej stepped down as Managing Director to focus on Godrej Agrovet Limited (parent company) but continues as a Non-Executive Director. The board also appointed Mr. Mathew Eipe as an Independent Director for a term until June 2027, and Mr. Arijit Mukherjee (existing COO) as Executive Director & COO for 3 years. Post changes, the board will have 10 directors with 50% being independent.
The leadership transition brings experienced chemicals industry professional Mr. Vishal Sharma as chairman while retaining family connection through Mr. Burjis Godrej. All appointments are subject to shareholder approval. The company maintains strong governance with 50% independent directors.