Appointment of Mr. Ashok Patil as Additional (Executive Director) of the Company and Cessation of Mr. Rajesh Tiwari, Executive Director of the company.
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Deepak Chemtex Ltd, listed on BSE SME (Scrip Code: 544036), announced two board changes effective April 1, 2025. Mr. Ashok Ramchandra Patil (DIN: 11030415) has been appointed as Additional Executive Director for a 3-year term ending March 31, 2028, subject to shareholder approval. He holds a Diploma in Chemical Engineering and brings 29 years of experience in DCS and batch process plants, agrochemicals, dyes and intermediates, and pharma API products. In parallel, Mr. Rajesh Kalikaprasad Tiwari (DIN: 07238431) resigned as Executive Director citing personal and unavoidable circumstances. Mr. Patil is not related to any existing directors, KMPs, or promoters, and is not debarred by SEBI or any other authority. The board meeting ran from 5:00 PM to 5:30 PM on April 1, 2025.
This is a routine executive director-level transition with no governance red flags, and the incoming director brings relevant chemical and process industry experience. The appointment is currently as 'Additional Director' and will require shareholder ratification at a future general meeting.