Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, please find the announcement with respect to Change in management.
BNAGROCHEM · price
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BN Holdings Limited has announced a major management reshuffle effective May 21-22, 2025. Mr. Chintan Ajaykumar Shah has been appointed as Additional Executive Director (also to be made Whole-Time Director subject to shareholder approval) and will take over as CEO from May 22, 2025. Mr. Anubhav Agarwal has stepped down as Managing Director and CEO to become a Non-Executive Director, citing plans to pursue global business ventures abroad. Separately, Mr. Ashutosh Sharma has resigned as a Director citing personal and professional commitments. Board committees have been reconstituted accordingly. The company's CFO (Mrs. Manisha) and Company Secretary (Mrs. Reetika Mahendra) remain unchanged.
Shareholders should note a complete handover of executive leadership in a single day — founder-promoter Anubhav Agarwal is moving to a non-executive, oversight-only role, while a new external CEO with no disclosed inter-director relationships takes charge. This is a significant transition that may create short-term uncertainty about strategic direction, though Agarwal's continued board presence aims to provide continuity.