Vinyl Chemicals (India) Limited has informed the Exchange regarding Appointment of Mr Re-appointment of M B Parekh as Chairman & Managing Director of the company w.e.f. April 01, 2027.
VINYLINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors has approved the re-appointment of Shri Madhukar Parekh as Managing Director for another 5 years starting April 1, 2027, and Shri Prakash Shah as Independent Director for a second term of 5 years from October 6, 2026. Both appointments are subject to shareholder approval. M.B. Parekh is a Gold medalist from ICT with 55+ years of experience and is also Executive Chairman of Pidilite Industries Ltd. The document also discloses that M.B. Parekh is related to Shri A.B. Parekh, another Director of the Company.
Continuity in leadership is maintained with no change in control. Shareholders will vote on these appointments. The disclosed family relationship between directors may attract governance scrutiny.