PCBL Chemical Limited has informed the Exchange regarding Appointment of Mr. Nilesh Koul as Managing Director of the company w.e.f. November 03, 2025.
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PCBL Chemical Limited announced that Mr. Kaushik Roy has resigned as Managing Director with effect from November 3, 2025, citing personal reasons. He also stepped down from the chairmanship of the Sustainability and Risk Management Committee and CSR Committee, and as a member of the Stakeholders Relationship Committee. In his place, the Board has appointed Mr. Nilesh Koul as the new Managing Director for a 5-year term, subject to shareholder approval via postal ballot. Mr. Koul brings 28 years of leadership experience, most recently serving as Senior President & CEO of Aluminium Downstream at Hindalco Industries, with prior stints at LafargeHolcim, Pidilite Industries, and BP/Castrol. He is an IIM Ahmedabad alumnus and is not related to any existing director on the board.
A sudden leadership change at the top can create short-term uncertainty for investors, though the appointment of an experienced industry veteran from Hindalco may be viewed positively. Shareholders will need to approve Mr. Koul's appointment through a postal ballot in the coming weeks.