CEO Rajiv Arora resigns; Vinay Jayade named as new CEO

Ceo ResignedCeo Appointed ExternalManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.3%Reaction day

₹602.00

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Nifty Microcap 250market · in no size index; the smallest one is used+0.0%-0.3% vs market

Commodity Chemicals peers, median of 61sector-0.5%+0.2% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.2 pts more than its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Mr. Rajiv Arora has resigned as CEO and Whole-Time Director of National Peroxide Limited due to family and personal reasons, continuing till November 2, 2026 for smooth transition. The board has appointed Mr. Vinay Divakar Jayade as new CEO and WTD for a 5-year term effective November 3, 2026, subject to shareholder approval. Mr. Jayade, who joins as CEO Designate from October 1, has over 34 years of experience in chemicals, with prior leadership at Cabot Sanmar, ASK Chemicals India, Reliance Industries, and Lanxess India.

Likely market impact

Planned leadership handover to an experienced external hire. Short-term transition risk is limited, and continuity in business strategy is expected.