Appointment of Additional Director
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The board of Saptak Chem And Business Limited, at its meeting held on January 9, 2026, approved the appointment of Mr. Ayush Vinod Kumar Tated (DIN: 11461830) as an Additional Director (Executive Non-Independent Director) of the company with effect from the same date. He will hold office until the next Annual General Meeting. Additionally, the board appointed him as Managing Director for a five-year term from January 9, 2026 to January 8, 2031, subject to shareholder approval. Mr. Tated is a Commerce graduate with experience in accounting, finance, and business management, and is not debarred from holding director office by SEBI or any other authority.
This is a significant leadership change as the company has appointed a new Managing Director for a long five-year tenure, which could bring fresh strategic direction. Shareholders will need to approve the MD appointment at the upcoming AGM, and the stock may see sentiment impact based on Mr. Tated's plans for the business going forward.