Fineotex Chemical Limited has informed the Exchange regarding Change in Director(s) of the company.
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Fineotex Chemical's board, at its meeting on July 12, 2025, approved the re-appointment of four directors, subject to shareholder approval. Mr. Surendrakumar Tibrewala will continue as Chairman and Managing Director for another 5 years (till September 30, 2030), and his son Mr. Sanjay Tibrewala will continue as Whole Time Director for the same period. Two Independent Directors, Mr. Sunil Waghmare and Mrs. Bindu Darshan Shah, were also re-appointed for second 5-year terms. The board also approved a revised Nomination and Remuneration Policy aimed at stronger governance. None of the directors are debarred from holding office by SEBI or any other authority.
This is a continuity announcement with no leadership change. The Tibrewala promoter family (father and son) will remain in control of the board for another five years, which brings stability but means family-driven governance continues. Shareholders will need to approve these re-appointments at the upcoming AGM.