Outcome of Board meeting held on 29th November 2025 - Change in Management.
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India Gelatine & Chemicals Ltd announced a change in top management on November 29, 2025. Mr. Abhay Kumar Jha, the Whole-Time Director (Executive Director) and Key Managerial Personnel, resigned effective close of business hours on November 30, 2025, citing personal reasons. In his place, Mr. P. Velmurugan (DIN: 10163584) has been appointed as Additional Director (Executive) and Whole-Time Director for a 5-year term starting December 1, 2025, subject to shareholder approval via postal ballot. Mr. Velmurugan is a B.Tech (Chemical Engineering) graduate with over 27 years of experience in pharmaceutical and specialty chemicals, having held senior roles at Aurobindo Pharma, Venkata Narayana Active Ingredients, and Advent International. The Stakeholder Relationship Committee and CSR Committee have been reconstituted accordingly.
This is a routine leadership transition with a same-day handover, minimizing disruption. The new WTD brings strong pharma and specialty chemicals expertise, which may support the company's growth direction, though shareholders will need to approve his appointment through a postal ballot.