Appointment of Mr. Hemant Jawahar Lal (DIN: 11731104) as the Additional Director in the capacity of Non Executive Independent Director of the company with immediate effect for a period ....
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Pondy Oxides & Chemicals Ltd has appointed Mr. Hemant Jawahar Lal (DIN: 11731104) as an Additional Director in the capacity of Non-Executive Independent Director, effective 26th May 2026. His appointment is for a term of 5 years, subject to shareholder approval via Postal Ballot. Mr. Lal is a 1988-batch Indian Revenue Service (IRS) officer who retired as Principal Chief Commissioner of Income Tax (Apex Scale) after nearly 36 years of service. He brings expertise in international taxation, transfer pricing, corporate taxation, and regulatory governance across senior roles in multiple Indian cities. The appointment was recommended by the Nomination and Remuneration Committee and approved by the Board. He is not related to any existing directors and meets the independence criteria under Section 149(6) of the Companies Act, 2013.
Appointment of a senior ex-bureaucrat with deep tax and regulatory expertise as an Independent Director will likely strengthen the board's governance and oversight capabilities, which is a positive signal for minority shareholders and institutional investors.