Sanginita Chemicals Limited has informed the Exchange regarding Cessation of Dipakkumar B. Chavda as Chief Financial Officer of the company w.e.f. April 25, 2026.
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Mr. Dipakkumar B. Chavda has resigned as Chief Financial Officer of the company effective April 25, 2026, citing personal reasons. He tendered his resignation on April 13, 2026. Simultaneously, Ms. Sangitaben D. Chavda has been appointed as the new CFO effective the same date. Notably, Ms. Sangitaben previously served as CFO from January 1, 2017 to August 1, 2025, and is the daughter of Mr. Dineshsinh B. Chavada and Mrs. Hansaben D. Chavada, who are Directors of the company.
The replacement of the CFO involves a family member returning to the role after a prior stint, which may raise governance questions about related-party appointments despite no explicit conflict of interest.