Bajaj Consumer Care Limited has informed the Exchange regarding Board meeting held on Jun 24, 2025.
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Bajaj Consumer Care's Board met on June 24, 2025 and approved several key changes. Mr. Naveen Pandey (DIN: 09584377) has been recommended as the new Managing Director for a 5-year term starting July 1, 2025, subject to shareholder approval at the 19th AGM. He will replace Mr. Jaideep Nandi, whose 5-year MD tenure ends on June 30, 2025. The Board also appointed Mr. Aakash Gupta (Chartered Accountant, IIM Indore MBA) as the new Head-Finance effective July 1, 2025, replacing Mr. Richard D'Souza who resigned effective July 7, 2025 to pursue outside opportunities. Additionally, the Board approved increasing the RSU 2018 stock option pool from 7,37,500 to 12,37,500 units (a 67.8% expansion of about 5 lakh units), subject to shareholder approval. The new MD brings over 20 years of experience across P&L management, sales, marketing, and the personal care industry, including prior experience as MD of a listed company.
Smooth leadership transition with an experienced FMCG/personal care veteran taking over as MD may be viewed positively, but the closely timed exits of both the MD and Head-Finance introduce short-term execution risk. The 67.8% expansion of the RSU pool is shareholder-dilutionary and will require AGM approval, which may attract investor attention to compensation and retention strategy.