Chemplast Sanmar Limited has informed the Exchange regarding Cessation of N Muralidharan as Chief Financial Officer of the company w.e.f. March 31, 2026.
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Chemplast Sanmar's board, at a meeting on March 20, 2026, has accepted the stepping down of two key managerial personnel with effect from March 31, 2026: Mr N Muralidharan (Chief Financial Officer) and Mr M Raman (Company Secretary and Compliance Officer). The reason cited is 'realignment of responsibilities.' To ensure continuity, the board has appointed Mr A R Balaji (60, currently heading Treasury at the Sanmar Group with about 40 years of finance experience) as the new CFO, and Mr P Srinivasan (60, an existing Senior VP – Secretarial with the company since October 2021, previously CS at TVS Srichakra) as the new Company Secretary, both effective April 1, 2026. The incoming CFO is a Sanmar Group insider with extensive treasury and corporate finance background, while the new Company Secretary is already familiar with the company.
This is a planned KMP realignment with replacements lined up before the exit date, suggesting a smooth transition with no disruption expected. Investors should watch for any strategic shifts that may follow the CFO change, but the appointments of experienced internal candidates are broadly neutral to positive for stability.