Fineotex Chemical Limited has informed the Exchange regarding Change in Director(s) of the company.
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Fineotex Chemical's board has approved the re-appointment of Mr. Surendrakumar Tibrewala as Chairman and Managing Director and Mr. Sanjay Tibrewala as Whole Time Director, both for a five-year term starting October 1, 2025. Two Independent Directors, Mr. Sunil Waghmare (second term from October 31, 2025) and Mrs. Bindu Darshan Shah (second term from July 14, 2025), have also been re-appointed for five years each. All re-appointments are subject to shareholder approval at the upcoming Annual General Meeting. The board also approved a revised Nomination and Remuneration Policy with broader governance coverage. None of the directors are debarred by SEBI or any other authority from holding office.
This is a routine governance announcement that brings continuity in leadership, with no surprises. Existing promoter family members (father-son duo) and the two independent directors retain their positions, so shareholders should view this as business-as-usual with no material change to the board's composition or strategic direction.