CHEMPLASTSNSEChemplast Sanmar LimitedMediumNeutral
Announced Fri, 20 Mar · 19:08 IST

Chemplast Sanmar Limited has informed the Exchange regarding Cessation of M Raman as Company Secretary & Compliance Officer of the company w.e.f. March 31, 2026.

Cfo ResignedKmp ResignedManagement Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-6.0%1-day move
₹276.50
prior close
₹276.70
base price
After-mkt
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-2.2-2.2-1.0-1.1-6.0-2.4-5.2-4.6-5.9-9.6-14.3-12.1-11.0-25.1
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AI summary

Chemplast Sanmar has announced a realignment of its Key Managerial Personnel, with two senior officials stepping down at the close of business on March 31, 2026. Mr N Muralidharan, the Chief Financial Officer, and Mr M Raman, the Company Secretary and Compliance Officer, are both exiting their roles, with the company citing a 'realignment of responsibilities' as the reason. To fill these positions, the Board has appointed Mr A R Balaji as the new CFO and Mr P Srinivasan as the new Company Secretary and Compliance Officer, both effective April 1, 2026. Mr Balaji brings about 40 years of corporate finance and treasury experience, currently heading the treasury function of The Sanmar Group, while Mr Srinivasan is an internal appointee who has been with Chemplast since October 2021 and previously served as Company Secretary at TVS Srichakra.

Likely market impact

The transition appears orderly and planned, with immediate replacements already lined up, suggesting minimal disruption to operations or governance. The new CFO's deep Sanmar Group ties may strengthen group-level financial coordination, though investors will watch for any strategic shifts in capital allocation.