Appointment of Mr. Amit A. Chavan as the Company Secretary & Compliance Officer of the Company w.e.f. 13.11.2025.
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Veritas (India) Ltd's Board, at its November 13, 2025 meeting, approved unaudited financial results for Q2/H1 FY26 — consolidated revenue of Rs. 1,00,639.68 lakhs and standalone revenue of Rs. 687.79 lakhs. Company Secretary & Compliance Officer Mr. Arun S. Agarwal (KMP) resigned citing organisational reshuffling, and Mr. Amit A. Chavan was appointed in his place. Executive Director Mr. Virat Dantwala also stepped down to explore other opportunities, while Mr. Sunil Sehgal was inducted as an Additional Non-Executive, Non-Independent Director with 36 years of cross-industry experience. The Board also approved winding up two Singapore subsidiaries — Global Comtrade PTE (WOS, 0.38% of consolidated turnover) and Veritas Global PTE (step-down subsidiary with negative net worth, cited as financially non-viable). All board committees were reconstituted with independent directors chairing key panels.
Multiple leadership changes (KMP and Executive Director exits) alongside wind-up of two foreign subsidiaries point to ongoing restructuring, though the financial impact of the closures is minimal. The new appointments add experienced personnel, and shareholders should watch for continuity in the Dighi Port integrated manufacturing project being set up via subsidiary Veritas Polychem.