Additional Disclosure with respect to Disclosure given on 21st May 2026 - Change of Chairman & Nominee Director - Hivare Nisarg Gautam
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prag Bosimi Synthetics Ltd has announced a change in its Chairman and Nominee Director. Shri Hivare Nisarg Gautam (IAS officer, 2015 batch) has been appointed as Chairman and Nominee Director effective 19th May 2026. He replaces Shri Megha Nidhi Dahal. This appointment was made pursuant to a direction from the Government of Assam (Notification No. ECF no. 780232/12 dated 19th May 2026). Gautam also serves as Managing Director of Assam Industrial Development Corporation Limited (AIDC) and is currently Secretary at Assam in the Chief Minister's Office. He holds a B.Tech from IIT and has no prior shareholding in the company.
This is a government-directed change of leadership at the board level. The appointment of a senior IAS officer as Chairman signals strong government oversight. The outgoing chairman's removal appears to be driven by administrative direction rather than voluntary resignation, which may raise governance concerns for minority shareholders.