Pursuant to Regulation 30 of SEBI LODR Regulations 2015, on the basis of NRC committee meeting held today, the Board of Directors had appointed Mr. Pankaj Jain as Managing Director for ....
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Haryana Leather Chemicals Ltd has re-appointed Mr. Pankaj Jain (DIN: 00206564) as its Managing Director for a fresh 5-year term, effective from 2nd April 2025 to 1st April 2030. The decision was made by the Board on 2nd April 2025, based on the recommendation of the Nomination and Remuneration Committee, and is subject to shareholder approval. Mr. Jain has been serving as MD since 4th February 2013 and is credited with building the company into a globally present leather chemicals business. His wife, Mrs. Sippy Jain, is a Whole-time Director on the board. The re-appointment also confirms that Mr. Jain is not debarred from holding director office by any SEBI or other authority order.
This is a continuity move rather than a leadership change, so it is largely neutral for shareholders. It provides stability in management for the next five years but will need to be ratified by members at a general meeting.