Appointment of Mr. Amit Lalit Jain as the Managing Director of the company with effect from 24th October, 2025
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Shentracon Chemicals Ltd, at a board meeting on 24 October 2025, appointed Mr. Amit Lalit Jain as the Managing Director of the company, subject to shareholder approval. The board also appointed Mr. Hanissh Kanakraj Jaain as an Additional Executive Director on the same date. Additionally, two new Independent Directors were added: CA Ashish Bakliwal and Ms. Madhuri Toshniwal, each for a five-year term ending 23 October 2030. Mr. Jain brings 15+ years of experience in imitation jewellery manufacturing, finance, and chemicals/electroplating processes, while CA Bakliwal is a Chartered Accountant with 15 years of experience in valuation, risk management, and consulting. The board meeting ran from 2:00 p.m. to 3:10 p.m.
The appointments bring a new MD and expand the board with two independent directors, strengthening governance. However, the new MD and Executive Director come from the imitation jewellery sector, which investors may want to monitor for strategic clarity at the chemicals business.