The Board of Directors of Panchsheel Organics Limited, at their meeting held on 14th August 2026, approved the change in designation of Mr. Kishor Abhaychand Turakhia (DIN: 00006236) from Whole-time Director to Managing Director of the Company. This decision was based on the recommendation of the Nomination and Remuneration Committee.
The change in designation is effective from 14th August 2026. The appointed tenure is for 5 years, subject to the approval of shareholders at the ensuing General Meeting of the Company.
The meeting commenced at 03:00 PM and concluded at 04:00 PM on 14th August 2026.
Detailed Profile of Mr. Kishor Abhaychand Turakhia
- Name: Mr. Kishor Abhaychand Turakhia
- Reason for Change: Change in designation from Whole-time Director (WTD) to Managing Director (MD).
- Date of Change: Effective from 14th August 2026.
- Brief Profile: Mr. Turakhia is a graduate from Indore, Madhya Pradesh, holding a Bachelor's degree in Commerce. He possesses over 40 years of rich experience in the pharmaceutical industry as well as in finance. His role involves overseeing business development and contributing to evolving new growth strategies for the company.
- Relationships between Directors: Mr. Kishor Abhaychand Turakhia is a promoter of the company and the brother of Mr. Rajesh Abhechand Turakhia.
- Regulatory Status: He is not debarred from holding the office of Director by any SEBI order or any other such authority.
- Shareholding in the Company: He holds 21,21,772 Equity Shares in Panchsheel Organics Limited.
This disclosure is made in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and the SEBI Master Circular having reference SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
The intimation was signed and submitted by Sonia Verma, Company Secretary & Compliance officer, on 14th August 2026 at 16:35:55 IST.