Chemplast Sanmar Limited has informed the Exchange regarding Appointment of Lakshmi Vijayakumar as Non- Executive Independent Director of the company w.e.f. April 26, 2026.
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Chemplast Sanmar's board has approved a planned leadership transition at the top. Current Managing Director Ramkumar Shankar, whose original 5-year term ends January 31, 2026, will be reappointed for a short 2-month bridge period (February 1 to March 31, 2026) to ensure a smooth handover, as he has expressed his wish to step down at the close of FY26. S Ganeshkumar, currently the CEO and Managing Director of group entity TCI Sanmar Chemicals in Egypt, will take over as the new Managing Director for a 3-year term starting April 1, 2026. In a separate move, four existing Independent Directors — Aditya Jain, Sanjay Bhandarkar, Lakshmi Vijayakumar, and Prasad Menon — have been cleared for a second consecutive 5-year term from April 26, 2026. All changes remain subject to shareholder approval.
This is a structured, pre-announced leadership change rather than a sudden exit, which should limit short-term uncertainty. The incoming MD brings deep chemicals and international operations experience from the group's MENA business, which may be viewed positively. Continuity is also preserved in the independent oversight function with the reappointment of all four Independent Directors.