IG Petrochemicals Limited has submitted a regulatory disclosure to BSE Limited and The National Stock Exchange of India Ltd regarding the resignation of senior management personnel.
The company informed that Shri Sanjay Gupta, President – New Business Initiatives, designated as Senior Management Personnel of the Company, has resigned with effect from the close of business hours on 6th October, 2026.
The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing includes relevant disclosures as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026, along with a copy of the resignation letter, enclosed as Annexure-I.
Annexure-I Details
The annexure provides specific details regarding the management change:
- Reason for change: Resigned as President – New Business Initiatives
- Date of cessation: Effective from 6th October, 2026
- Brief profile: Not Applicable
- Disclosure of relationships between directors: Not Applicable
- Disclosure in accordance with BSE Circular No. LIST/COMP/14/2018-19 dated 20th June, 2018 and NSE Circular No. NSE/CML/2018/24 dated 20th June, 2018: Not Applicable
Resignation Letter Content
The resignation letter dated 4th July 2026 from Sanjay Gupta addressed to Mr. Nikunj Dhanuka (CMD) and Mr. Mayank Dhanuka (ED and CEO) states:
- After careful consideration, Gupta reached the decision to pursue other personal interests
- He submitted his resignation from IG Petrochemicals Limited
- As mutually agreed, 6th October 2026 would be his last working day