BSEPolychem LtdHighNeutral
Announced Mon, 9 Feb · 16:51 IST

Re-appointment of Mr. Parthiv T Kilachand as Managing Director of the Company for the period of 3 years wef 1st April, 2026.

Management Changes View source PDF

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Polychem Ltd has announced the re-appointment of Mr. Parthiv T. Kilachand (DIN 00005516) as Managing Director for a fresh 3-year term beginning April 1, 2026. Mr. Kilachand has been with the company since November 1988 and has served as a Director since April 1997, bringing experience in management, marketing, and negotiations. The re-appointment is subject to shareholder approval through a postal ballot. Mr. Kilachand is part of the promoter Kilachand family — his father Mr. Tanil Kilachand is Chairman and his brother Mr. Nandish Kilachand is a Director. He is not debarred from holding the office of Director by any SEBI order or authority.

Likely market impact

This is a continuity announcement — no change in leadership for shareholders. Promoter family continues to run the company, which may reassure investors seeking stable management, though the re-appointment still requires shareholder approval via postal ballot.