IG Petrochemicals Limited has informed the Exchange regarding Change in Director(s) of the company.

Kmp ResignedManagement Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close

-5.0%1-day move

₹458.80

prior close

₹470.00

base price

After-mkt

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AI summary

IG Petrochemicals announced three board-level changes at their May 18, 2026 meeting. First, Shri Sagar Jadhav has been re-appointed as Executive Director for a further three-year term starting July 1, 2026. He brings over 30 years of experience in chemical industry management. Second, Dr. Rajkumar VP has resigned as Chief Human Resources Officer (CHRO), effective end of business on May 18, 2026. Third, Shri Pramod Sanap has been appointed as the new CHRO effective May 19, 2026. Pramod Sanap holds a Master's in Labour Studies from Mumbai University and has 18 years of HR leadership experience with companies including Laxmi Organic Industries, Hindustan Unilever, AkzoNobel India, and Diageo India.

Likely market impact

The resignation and immediate replacement of the CHRO represents a routine management transition with no immediate material impact on operations. The re-appointment of Sagar Jadhav provides continuity in executive leadership.