Announced Fri, 29 Aug · 18:24 IST

Par Drugs And Chemicals Limited has informed the Exchange regarding Appointment of Ms SIDDHPURA And Co as Other of the company w.e.f. April 01, 2025.

Management Changes View source PDF

PAR · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Par Drugs and Chemicals held a board meeting on August 29, 2025, approving its 26th Annual General Meeting for September 27, 2025 in Vadodara. The board approved the re-appointment of Chairman & Managing Director Falgun Vallabhbhai Savani (retiring by rotation) and Independent Director Mrs. Bintal Bhaveshkumar Shah for a second 5-year term starting September 28, 2025. It fixed Rs. 24 lakh per annum remuneration for Independent Director Pravin Manjibhai Bhayani. The board appointed Sarupria Somani & Associates as statutory auditor for FY26 (Rs. 2.25 lakh fees), re-appointed Siddhpura & Co as internal auditor, re-appointed DG Patel & Associates as secretarial auditor for five years (FY26–FY30), and appointed Maulin Shah & Associates as cost auditor (Rs. 60,000 remuneration). The board also approved buying a Tata Harrier SUV worth about Rs. 29.30 lakh for use by Director & CEO Jignesh V. Savani.

Likely market impact

These are routine governance and compliance items — auditor and director re-appointments are standard annual processes and unlikely to move the stock. Shareholders should note the AGM date (September 27, 2025), the e-voting window (September 23–26, 2025), and the vehicle purchase for the CEO, which is a small discretionary spend.