Paushak Limited has informed the Exchange regarding Change in Director(s) of the company.
PAUSHAKLTD · price
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Awaiting price reaction for this filing.
Paushak Limited has informed the exchanges that Mr. Chintan Gosaliya, Whole-time Director & COO, has resigned from the company effective 31st March 2026 to pursue opportunities outside Paushak. The Board accepted his resignation on 10th March 2026 and confirmed there are no other material reasons behind it. To fill the gap, 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) effective 1st April 2026 for a 3-year term, subject to shareholder approval. Mr. Jain Parkash brings over 30 years of experience in specialty chemicals, agro-chemicals, and pharma, and is also a Non-Executive Director on the Board of Alembic Limited (the promoter group company).
This is a planned, smooth internal succession at the top operational level with no governance red flags, so the impact on shareholders is likely neutral. Investors should watch for the shareholder vote on Mr. Jain Parkash's appointment in the coming weeks.