Ester Industries Limited has informed the Exchange regarding Appointment of Mr Vaibhav Jha as Chief Executive Officer of the company w.e.f. March 27, 2026.
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Ester Industries announced a top leadership change effective March 26-27, 2026. Co-founder and current Chairman & CEO Mr. Arvind Singhania has been re-designated as Non-Executive Non-Independent Director and Chairman of the Board, stepping back from executive duties after over 40 years with the company. In his place, Mr. Vaibhav Jha has been appointed as the new Chief Executive Officer from March 27, 2026. Mr. Jha holds an MBA from IIT Bombay and a B.E. from Nagpur University, with 21+ years of experience in multicultural joint ventures across functions and geographies. He previously worked at Infosys Technologies, GEP Worldwide, and Reliance Industries. A postal ballot has been sent to shareholders to seek approval for the re-designation.
This is a succession-driven transition where the founder-promoter moves to a non-executive oversight role and a professionally experienced external CEO takes charge. For shareholders, this signals a move toward more professional management while retaining promoter guidance at the board level, which is generally viewed positively for governance and long-term growth.