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. Mr. Surendrakumar Tibrewala continues as Chairman and Managing Director and Mr. Sanjay Tibrewala continues as Whole Time Director (and CFO), both for a fresh 5-year term starting October 1, 2025 up to September 30, 2030, subject to shareholder approval. Two Independent Directors — Mr. Sunil Waghmare and Mrs. Bindu Darshan Shah — were also re-appointed for a second 5-year term. The board also approved a revised, more detailed Nomination and Remuneration Policy with broader governance focus. All four directors have been confirmed as not debarred by SEBI or any other authority from holding their positions.
This is a continuity move — leadership of the company remains unchanged, with the promoter Tibrewala family (father and son) firmly at the helm for another 5 years. Shareholders will vote on these re-appointments at the upcoming AGM. Investors generally view such continuity positively as it signals stability in strategy and execution.