Paushak Limited has informed the Exchange regarding Appointment of Mr Jain Parkash as Executive Director of the company w.e.f. April 01, 2026.
PAUSHAKLTD · price
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Paushak Limited announced two key board changes effective from late March / early April 2026. Mr. Chintan Gosaliya, the Whole-time Director & Chief Operating Officer, has resigned from the company effective 31st March 2026 (after business hours) to pursue opportunities outside the firm, with no other material reasons cited. In his place, the Board has appointed Mr. Jain Parkash, currently the company's Senior Vice President – Operational Excellence, as Additional Director and Whole-time Director (a Key Managerial Personnel) for a 3-year term starting 1st April 2026, subject to shareholder approval by special resolution. Mr. Jain Parkash brings over 30 years of experience in specialty chemicals, agro-chemicals, and pharma API/intermediates from prior roles at Punjab Chemicals & Crop Protection and Tagros Chemicals. Notably, he also serves as a Non-Executive Director on the board of Alembic Limited, a group company of Paushak.
The transition is a like-for-like internal succession (COO out, internal senior VP elevated to WTD), which should provide continuity in operations. The departure is not attributed to any governance or performance issues, so the near-term impact on the stock is likely neutral. Shareholders will get a chance to vote on the new appointment.