Paushak Limited has informed the Exchange regarding Resignation of Mr Chintan Gosaliya as Executive Director of the company w.e.f. March 31, 2026.
PAUSHAKLTD · price
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Paushak Limited announced that Mr. Chintan Gosaliya, Whole-time Director & COO, has resigned effective March 31, 2026, citing his decision to pursue a career outside the company. The Board accepted his resignation at a meeting held on March 10, 2026, and he confirmed there are no other material reasons for his departure. To ensure continuity, the Board has appointed Mr. Jain Parkash, currently Sr. Vice President – Operational Excellence at Paushak, as Additional Director and Whole-time Director (Key Managerial Personnel) for a 3-year term starting April 1, 2026, subject to shareholder approval by special resolution. Mr. Parkash brings over 30 years of experience in specialty chemicals, agro-chemicals, and pharma API/intermediates, and also serves as a Non-Executive Director on the board of group company Alembic Limited.
This is a planned, orderly leadership transition with an internal promotion, which is generally viewed positively by investors. Shareholders should note that the new appointment requires their approval via a special resolution, but the swap is unlikely to materially affect operations or stock price in the near term.