Disclosure under Regulation 30 of SEBI (LODR ) Regulations ,2015 -Change in Directorate
NOCIL · price
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NOCIL Limited's Board meeting on 7th May 2026 saw three key developments. First, Mr. Sanjiv Lal (former MD & CEO of Rallis India, with 41+ years of experience across Tata Group and Hindustan Unilever) was appointed as an Additional Director designated as Independent Director. Second, Mr. Sabyaschi Patnaik (chemical industry veteran with 30+ years across multinationals, IIT BHU and Wharton alumni) was also appointed as an Additional Director designated as Independent Director. Third, Mr. Hrishikesh A. Mafatlal was reappointed as Executive Chairman for five years starting 19th August 2026. On the exit side, Mr. Vilas R. Gupte's five-year tenure as Independent Director concluded on 26th May 2026 after he chose not to seek a second term. All new appointments are subject to shareholder approval at the 64th AGM.
The appointment of two experienced independent directors from the chemicals sector could bring fresh perspective to the board, while the departure of Mr. Gupte after a full five-year term is a routine governance transition with no red flags.