Insecticides (India) Limited has informed the Exchange regarding Resignation of Mrs. Nikunj Aggarwal as Executive Director of the company w.e.f. May 28, 2026.
INSECTICID · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Insecticides (India) Limited held a Board meeting on May 28, 2026, approving multiple items. Mrs. Nikunj Aggarwal resigned as Whole Time Director with immediate effect, citing no material reasons beyond her resignation letter. The Board appointed Mr. Sanskar Aggarwal as Whole Time Director (Additional) for 5 years effective May 28, 2026, subject to shareholder approval at the 29th AGM. The company reported strong FY2026 standalone revenue of Rs. 2,14,001 lakhs and profit before tax of Rs. 18,198 lakhs, with EPS of Rs. 46.68. Consolidated revenue stood at Rs. 2,14,001 lakhs with PBT of Rs. 18,668 lakhs. The Board also approved an Employee Stock Purchase Scheme 2026 (IIL ESPS) for up to 2,00,000 equity shares, appointment of Mr. Atul Kumar as VP-Sales (North), and appointment of M/s T Jain & Associates as Internal Auditor for 5 years.
The resignation of Mrs. Nikunj Aggarwal and appointment of Mr. Sanskar Aggarwal suggests a board-level transition, likely within the promoter family given the shared surname. The strong financial performance with ~5% revenue growth YoY and solid cash flows should be positive for shareholders.