AksharChem India General Manager Sunil Rane Retires

AksharChem (India) Limited has announced the retirement of Mr. Sunil Rane, General Manager (Accounts), marking a change in its senior management team. The exit is effective from the closure of business hours on August 11, 2026. This disclosure was made to comply with regulatory requirements regarding changes in key managerial personnel.

The company notified the Bombay Stock Exchange and the National Stock Exchange of India Ltd. on August 11, 2026, citing Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, which mandates specific disclosures for such changes.

Details of the Departure

Mr. Rane’s retirement concludes his tenure with the organization. The company has provided the following details in Annexure-1 of the exchange filing:

Particulars	Details
Name of Senior Management Personnel	Mr. Sunil Rane, General Manager (Accounts)
Reason for Change	Retirement
Date of Cessation	Closure of business hours on August 11, 2026

Mehul Naliyadhara, Company Secretary and Compliance Officer of AksharChem (India) Limited, signed the disclosure. The company is headquartered at Arista 8, Behind Rajpath Club, Bodakdev, Ahmedabad, Gujarat.

Regulatory Compliance

The notification ensures transparency for investors and regulators regarding leadership transitions. By adhering to Regulation 30, AksharChem maintains compliance with the Securities and Exchange Board of India’s listing obligations. No further details regarding a successor or interim arrangements were included in this specific filing.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.50%	+9.57%	+19.15%	+22.77%	+2.25%	-38.54%

AksharChem (India) Limited has secured shareholder approval to appoint Mr. Devalkumar Indrabal Suthar as Whole Time Director (Executive) of the company. The resolution was passed via a remote e-voting process conducted under the supervision of scrutinizer Mr. Bipin L. Makwana, a Practicing Company Secretary. The appointment is effective following the requisite majority obtained on Tuesday, June 30, 2026.

The postal ballot process was managed by National Securities Depository Limited (NSDL), with the e-voting window open from Monday, June 01, 2026, to Tuesday, June 30, 2026. A total of 11,985 shareholders were eligible to vote as of the record date of Friday, May 22, 2026. The company engaged the remote e-voting facility to ensure broad participation from its members.

Voting Results Summary

The special resolution regarding the appointment received overwhelming support from the shareholders. A total of 5,051,982 votes were polled, representing 62.89% of the company's outstanding shares. The resolution secured 99.99% of the valid votes in favour, with only 476 votes against the proposal.

Category	Votes Polled	% of Outstanding Shares	Votes in Favour	Votes Against	% in Favour
Promoter and Promoter Group	5,036,537	100.00	5,036,537	0	100.00
Public-Institutions	0	0.00	0	0	0.00
Public-Non Institutions	15,445	0.52	14,969	476	96.92
Total	5,051,982	62.89	5,051,506	476	99.99

Scrutinizer's Report

Mr. Bipin L. Makwana confirmed that the voting process was conducted in a fair and transparent manner. The scrutinizer's report, submitted to the Chairperson of AksharChem (India) Limited, verified the results downloaded from the NSDL e-voting website. The report noted that no invalid votes were recorded during the process.

The detailed voting results and the scrutinizer's report have been made available on the company's official website. The appointment of Mr. Devalkumar Indrabal Suthar (DIN: 11511925) is now formally approved by the shareholders, completing the regulatory requirements for the induction of the new Whole Time Director.