The Board of Directors has approved the appointment of Ms. Chaitali Talele as Managing Director of the Company with effect from 10th October 2025 till 9th october 2030.
Awaiting price reaction for this filing.
Insilco Ltd has appointed Ms. Chaitali Talele as Managing Director (Executive Director category) for a 5-year term from 10 October 2025 to 9 October 2030, subject to shareholder approval. She takes over from Mr. Vinod Paremal, who stepped down from executive duties due to preoccupations and moved to a Non-Executive Director role. Ms. Talele is currently the CFO for Evonik's India region, is a Chartered Accountant, and has 21 years of experience across SKF India, Laxmi Organic Industries, and EPL Limited. Importantly, the company has been under voluntary liquidation since 25 June 2021, making this a notable governance move during wind-down.
Since Insilco is under voluntary liquidation, this leadership appointment is unusual and may signal ongoing administrative or restructuring activities. Shareholders should note the appointment needs their approval and the stock may remain thinly traded given the liquidation status.