NGL Fine-Chem Limited has informed the Exchange regarding Appointment of Mr SUDHIR DEO as Independent Director of the company w.e.f. May 22, 2025.
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NGL Fine-Chem Limited has informed the stock exchanges about two board-level changes approved on May 22, 2025. Mr. Rahul Nachane, a Chartered Accountant with over 30 years of industry experience who has been a full-time Director with the company since 1992, has been appointed as Managing Director for a 5-year term starting June 1, 2025, subject to shareholder approval. Separately, Mr. Sudhir Deo, a former Managing Director of NOCIL Limited with an M.Tech in Chemical Engineering from IIT Kanpur, has been appointed as an Additional (Non-Executive Independent) Director for a 5-year term. Both appointments require shareholder approval within three months. Mr. Sudhir Deo brings deep expertise in polymers, petrochemicals, specialty chemicals, and ESG/sustainability from his prior roles at NOCIL and Arvind Mafatlal Group.
The appointments indicate management continuity with the elevation of a long-serving insider to MD, which is typically viewed positively for stability. The addition of an experienced chemical industry veteran as Independent Director should strengthen board oversight and bring relevant technical and strategic expertise to the specialty chemicals business.