Enclosed herewith Change in Management of the Company.
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Daikaffil Chemicals India announced three management changes approved at its August 12, 2025 board meeting. M/s. NVC & Associates LLP, a Mumbai-based firm with seven partners formed in 1959, has been appointed as Statutory Auditor for a five-year term starting FY2025-26, pending shareholder approval. Mr. Roshan R Shetty, a Chemical Engineer from ICT Mumbai and Georgia Tech with over 6 years of experience, has been appointed as Additional Director (Executive, Non-Independent) and Whole Time Director for five years — he is the son of the company's Managing Director, Mr. Raghuram K Shetty. Additionally, Mr. Sanjeev Kapoor, Vice President – Business Development with 36 years of experience in textile and detergent segments, has been designated as Senior Management Personnel.
The key point for shareholders is the induction of the Managing Director's son onto the board as a whole-time executive, bringing chemical engineering expertise but also adding a family succession element to governance. The auditor change appears routine and aligned with a fresh five-year term, with no signs of mid-term disruption.