Pursuant to Regulation 30 of SEBI LODR Regulations 2015 on the recommendation of NRC committee meeting held today , the Board of Directors appointed Mr. Pankaj Jain Managing Director for ....
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Haryana Leather Chemicals Ltd has re-appointed Mr. Pankaj Jain (DIN: 00206564) as Managing Director for a fresh term of 5 years, from April 2, 2025 to April 1, 2030. The re-appointment was recommended by the Nomination and Remuneration Committee and approved by the Board at its meeting held on April 2, 2025; it is subject to shareholder approval. Mr. Pankaj Jain has been with the company as MD since February 4, 2013 and holds a B.Tech from Punjab University. The disclosure also notes that Mr. Pankaj Jain is the husband of Mrs. Sippy Jain, a Whole-time Director on the board.
This is a continuity event — the existing Managing Director has been given another 5-year term, which provides leadership stability. Investors may view this positively as it signals no disruption at the top, though the re-appointment still requires shareholder approval at the next general meeting.