Pursuant to Regulation 30 SEBI (LODR) Regulation 2015- Change in Management
HIKAL · price
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Hikal Ltd announced the appointment of Mr. Ravi Khadabadi as President – Crop Protection & Specialty Chemicals, effective May 27, 2026. Khadabadi holds master's degrees in chemistry and polymers from Mumbai and the University of Massachusetts Lowell, USA, with extensive experience in pharma and specialty chemicals. Separately, the company provided an update on previously disclosed irregularities involving timing of revenue recognition as of September 30, 2025. An external fact-finding review concluded the irregularities were limited to preponeing of genuine underlying sales, were corrected within the same quarter, and have no impact on current or prior period financials. The employees involved have been identified and terminated.
The appointment brings experienced leadership to the Crop Protection business. The fraud disclosure, while closed, signals past internal control weaknesses that investors may scrutinize, though management affirms no financial damage.