Shree Pushkar Chemicals & Fertilisers Limited has made a regulatory disclosure pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure concerns changes to the company's Board of Directors approved at a Board Meeting held on 12th August, 2026, which commenced at 4:00 p.m. and concluded at 6:00 p.m.
Resignation of Director
Mr. Ramakant Madhav Nayak (DIN: 00129854) has resigned from his position as a Non-Executive and Non-Independent Director of the company. His resignation is effective from the close of business hours on 13th August, 2026. The sole reason provided for his resignation is his advancing age. The Board has placed on record its appreciation for his invaluable guidance, strategic insight, and distinguished contributions during his tenure.
Appointment of Director
On the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Mr. Raghav Punit Makharia (DIN: 10470968) as an Additional (Non-Executive and Non-Independent) Director of the company. His appointment is effective from 13th August, 2026. He will hold office until the date of the ensuing 33rd Annual General Meeting (AGM) or the last date on which the AGM should have been held, whichever is earlier. The Board has also approved recommending his appointment as a Non-Executive and Non-Independent Director to the shareholders for approval at the ensuing AGM.
Profile of New Appointee
Mr. Raghav Punit Makharia is a 30-year-old resident Indian national. He holds a Bachelor's degree in Business Administration (Finance) from the University of Mumbai and a Master of Science (M.Sc.) in Global Operations from the Hong Kong University of Science and Technology. He has been associated with Madhya Bharat Phosphate Private Limited (MBPPL) since 2020, where he played a pivotal role in the company's successful revival and re-commissioning. He currently leads the day-to-day operations of MBPPL, with responsibility for business strategy, operational excellence, and growth initiatives.
Relationships Between Directors
Mr. Raghav Punit Makharia is the son of Mr. Punit Gopikishan Makharia (Chairman and Managing Director) and is a nephew of Mr. Gautam Gopikishan Makharia (Joint Managing Director).
Compliance Status
Mr. Raghav Punit Makharia is not debarred from holding the office of director by any order of SEBI or any other authority. The disclosure is made in compliance with SEBI Master Circular No. HO/49/14/14(7) 2025-CFD-POD2/I/3762/2026 issued on 11th July, 2023, and last updated on 30th January, 2026.
Financial and Operational Impact
The disclosure does not quantify any specific financial or operational impact resulting from these board changes.