Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, please find the announcement with respect to resignation of Chief Executive Officer.
BNAGROCHEM · price
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On May 21, 2025, the Board of BN Holdings Limited approved multiple leadership changes in a single meeting. Mr. Anubhav Agarwal stepped down as Managing Director and relinquished his CEO role (effective close of business May 21, 2025), transitioning to a Non-Executive Director position to pursue global business ventures. Mr. Chintan Ajaykumar Shah (DIN: 05257050) was appointed as Additional Executive Director and Whole-Time Director (subject to shareholder approval) effective May 21, 2025, and as Chief Executive Officer effective May 22, 2025. Mr. Ashutosh Sharma resigned as Director citing personal and professional commitments. Board Committees (Audit, Nomination & Remuneration, Stakeholder Relationship) were re-constituted with the new leadership.
This is a planned leadership transition rather than a sudden exit — the outgoing MD/CEO stays on the Board in a non-executive oversight role, which limits governance disruption. New CEO Chintan Shah brings experience in production, procurement, packaging, and corporate finance, and his elevation appears linked to scaling BN Agritech into a global agro-commodity player. Investors should monitor execution continuity and the shareholder approval pending for Shah's Whole-Time Director appointment.