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Crestchem Ltd's board met on March 31, 2026 and reviewed the company's performance for FY 2025-26, discussing steps suited to current market conditions. For FY 2026-27, the board discussed plans to navigate challenges posed by global geopolitical tensions, specifically referencing the USA–Israel–Iran conflict. The board approved the reappointment of Shri Nirmit D. Patel as Executive Director and Key Managerial Personnel (relative of promoter Dipak Narendraprasad Patel) for a five-year term from April 1, 2026 to March 31, 2031, subject to shareholder approval at the upcoming AGM. It also approved the appointment of Smt. Tansi Nirmit Patel, a non-KMP relative of the promoters, as Accounts & Secretarial Assistant at a fixed remuneration of Rs. 30,000 per month plus performance incentives. The meeting concluded at 1:30 PM.
Shareholders should note that the Executive Director reappointment for five years and the related-party appointment of a family member at a fixed salary will require approval at the next AGM, making it a votable item. The board's acknowledgment of global headwinds signals near-term uncertainty around growth plans for FY 2026-27.