Appointment of Mr. Harshavardhan Sinha (DIN: 09439148) as an Additional Director in the category of Non-Executive, Non-Independent Director, liable to retire by rotation, effective July 24, 2026. His appointment is subject to shareholder approval at the ensuing AGM. His brief profile states he is a business leader with over 50 years of experience across FMCG, education, investments, energy, chemicals, and pharmaceuticals. He is the founder of the Incubit Group. He is not related to any other directors and is not debarred from holding the office of director by virtue of any SEBI order.
Appointment of Ms. Sandra Martyres (DIN: 00798406) as an Additional Director in the category of Non-Executive, Independent Director for a term of two consecutive years commencing from July 24, 2026, subject to shareholder approval. Her brief profile states she is a career banker with over 25 years of experience, having retired as Deputy CEO of Société Générale - India. She holds a Master's Degree in Economics. She is not related to any other directors and is not debarred from holding the office of director.
Appointment of Mr. Ajay Navaratne as Vice President Rubber Process Oil, a Senior Management Personnel, effective July 24, 2026. His brief profile states he is a techno-commercial professional with over 43 years of experience in the rubber, petrochemicals, and specialty oils industry, with expertise in business development and strategic planning. He is not related to any of the Directors of the Company.
All appointments were approved by the Board based on the recommendation of the Nomination and Remuneration Committee.
Key Financial or Operational Approvals
The Board approved the Unaudited (Standalone & Consolidated) Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report issued by the statutory auditors, M/s. J Mandal & Co. LLP, Chartered Accountants. The results are enclosed as Annexure A and will be uploaded to the company website and published in newspapers.
The Board recommended a Final Dividend of ₹0.50 per share (10%) for the financial year ended March 31, 2026. This is subject to the approval of members at the ensuing 43rd Annual General Meeting (AGM).
Strategic or Business Context
The appointment of Mr. Ajay Navaratne is noted to be valuable in strengthening the Company's Rubber Process Oil business and supporting its long-term growth objectives, given his extensive industry experience.
Any Other Material Information
43rd Annual General Meeting: The Board approved convening the 43rd AGM on Wednesday, August 26, 2026, to be held through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).
Record Date for Dividend: The Board fixed Wednesday, August 19, 2026, as the Record Date for determining entitlement to the final dividend for FY2026. Dividend payment is subject to shareholder approval and will be made after TDS deduction.
Re-Constitution of Committees: The Board re-constituted its committee(s) as per Annexure C (details of which were not provided in the main text).
The necessary disclosures for the director and KMP appointments, as required by SEBI LODR Regulations, are enclosed as Annexure B.
