Intimation about resignation of Mr. Nandakumar Varma (DIN : 09776904) from the Whole-Time Directorship of the Company at the closure of Business Hours on 13.05.2026.
SICAGEN · price
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Mr. Nandakumar Varma has resigned from his position as Whole-Time Director of Sicagen India Ltd, effective from the close of business on 13th May 2026, citing personal reasons and other commitments. He confirmed there are no other material reasons behind his departure. Simultaneously, the Board approved audited financial results for Q4 and FY2026 with an unmodified audit opinion, and recommended a 10% equity dividend (Re. 1 per share) for FY2025-26, subject to shareholder approval. Mr. Prasanna Joshi, currently Vice President - Building Material Division with 13 years at the company, has been appointed as the replacement Whole-Time Director for 3 years from 14th May 2026, pending shareholder approval via postal ballot.
The resignation of a key managerial person may create temporary uncertainty, but the swift internal appointment of an experienced executive suggests continuity in leadership. The clean audit opinion and dividend recommendation indicate stable financial health.