Reappointment of Managing Director for the period of 5 years with effect from 01st October 2024 to 30th September. 2029 subject to the approval of member.
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The board of Chemiesynth (Vapi) Ltd has approved the reappointment of Mr. Sandip Zaveri as Managing Director for a further period of 5 years, from 1 October 2024 to 30 September 2029. The reappointment is subject to shareholder approval at the upcoming general meeting. Mr. Zaveri has been on the board since 30 June 2001, holds 488,000 shares in the company, and has 19 years of experience in chemical manufacturing. He holds a BE and MS in Chemical Engineering from Stevens Institute of Technology and is related to another director, Mr. Satish Zaveri.
This is a routine reappointment of an existing Managing Director, providing leadership continuity for the next five years. Shareholders will need to approve the reappointment at the upcoming general meeting. The filing is largely procedural and is not expected to materially affect the stock price.