Resignation of Mrs. Nikunj Aggarwal as Whole Time Director
INSECTICID · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Insecticides (India) Ltd announced resignation of Mrs. Nikunj Aggarwal (DIN: 06569091) as Whole Time Director effective May 28, 2026, with immediate effect. The company stated there is no other material reason for resignation. Simultaneously, Mr. Sanskar Aggarwal (DIN: 09675297) was appointed as Whole Time Director (Additional) for five years. The filings also include audited Q4 and FY2026 financial results showing standalone revenue from operations of Rs. 2,00,264.63 lakhs, profit after tax of Rs. 13,976.98 lakhs. Additionally, the board approved a new Employee Stock Purchase Scheme 2026 (up to 2 lakh equity shares) and appointed M/s T Jain & Associates as Internal Auditor for five years. The 29th AGM is scheduled for August 12, 2026.
The resignation of a Whole Time Director followed by appointment of Mr. Sanskar Aggarwal (likely from the promoter family given same surname) suggests a planned succession or restructuring within the board. Shareholders should note the upcoming ESPS scheme and AGM for approval of these changes.