Announcement regarding Change in Senior Management Personnel under Reg 30 of SEBI (LODR) Regulations, 2015.
SICAGEN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sicagen India Ltd's Board meeting on May 13, 2026 approved the audited financial results for Q4 and FY 2025-26 with an unmodified (clean) audit opinion. The board recommended a 10% equity dividend (Rs 1 per share) for FY 2025-26, subject to shareholder approval at the 22nd AGM. In management changes, Mr. Prasanna Joshi was appointed as additional director and Whole-time Director (executive) for 3 years from May 14, 2026, succeeding Mr. Nandakumar Varma who resigned for personal reasons. Regarding Senior Management Personnel, Mr. K R Jaikumar (Chief Manager HR) was designated as SMP, while Mr. D. Sivakumar (Chief Manager IPD) ceased to be SMP due to change in reporting hierarchy. The company also appointed M/s. Venkatesh & Co. as internal auditor and re-appointed M/s. J. Karthikeyan & Associates as cost auditor for FY 2026-27.
The clean audit opinion and dividend recommendation are positive signals for shareholders. The resignation and replacement of the Whole-Time Director, along with SMP-level changes, indicate routine management transitions without material disruption to operations.