Khaitan Chemicals Re-appoints Utsav Khaitan as Joint MD

Nature of change: Re-appointment as Joint Managing Director (Key Managerial Personnel)
Name and DIN: Shri Utsav Khaitan (DIN: 03021454)
Effective date and tenure: Three-year term effective from May 1, 2026 to April 30, 2029, with shareholder approval effective from close of business hours on July 21, 2026
Profile and qualifications: Holds a degree in Economics from New York University with expertise in marketing. Possesses strong skills in consumer behavior analysis, brand development, and digital marketing, with a strategic and data-driven approach to driving business growth.
Relationship with other directors: Son of Mr. Shailesh Khaitan (Managing Director)
Previous role: The re-appointment represents a change from his previous position (implied by the re-designation context)
Shareholding: Holds 13,439 shares in the company
Eligibility: No SEBI debarment orders apply (as indicated by "Not Applicable" in the disqualification check)

Increase in borrowing limits: Shareholders approved increasing the company's borrowing limits in terms of Section 180(1)(c) of the Companies Act
Creation of charges: Shareholders approved authority to create charge/pledge/hypothecation/mortgage on company assets in terms of Section 180(1)(a) of the Companies Act

No specific business outlook, risk commentary, or strategic context provided in the disclosure

Board reconstitution: The board was restructured effective July 21, 2026, with six directors:
Mr. Shailesh Khaitan: Chairman & Managing Director
Mr. Utsav Khaitan: Joint Managing Director
Mr. Praveen Uniyal: Whole Time Director
Mrs. Payal Gupta: Independent Women Director
Mr. Deepak Kumar Khemka: Independent Director
Mr. Suman Jyoti Khaitan: Independent Director

Regulatory compliance: The disclosure is made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023