NewsBalaji Amines Limited Intimates Resignation of CFO of Material Subsidiary Balaji Speciality Chemicals LimitedBalaji Amines Limited Intimates Resignation of CFO of Material Subsidiary Balaji Speciality Chemicals Limited
Balaji Amines Limited has disclosed the resignation of Mr. Pardeepsingh Rameshsingh Watwani as CFO of its material subsidiary, Balaji Speciality Chemicals Limited, effective 15th May, 2026. The resignation, submitted on 16th February, 2026, was cited for personal career growth opportunities. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and filed with both BSE Limited and the National Stock Exchange of India Limited by Company Secretary Abhijeet Kothadiya.
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Balaji Amines Limited has intimated the stock exchanges regarding the resignation of Mr. Pardeepsingh Rameshsingh Watwani as the Chief Financial Officer (CFO) of its material subsidiary, Balaji Speciality Chemicals Limited. The resignation is effective from 15th May, 2026, with Mr. Watwani being relieved from his responsibilities at the close of business hours on the same date. The disclosure was made pursuant to Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023.
Resignation Details
The following key details pertaining to the change in senior management personnel at Balaji Speciality Chemicals Limited have been disclosed as required under the applicable regulatory framework:
| Parameter: | Details |
|---|---|
| Name of Personnel: | Mr. Pardeepsingh Rameshsingh Watwani |
| Designation: | Chief Financial Officer (CFO) |
| Company: | Balaji Speciality Chemicals Limited |
| Reason for Change: | Resignation |
| Date of Cessation: | 15th May, 2026 |
| Reason Cited: | Personal career growth |
Background and Communication
Mr. Pardeepsingh Rameshsingh Watwani submitted his resignation letter dated 16th February, 2026, addressed to Mr. N Rajeshwar Reddy, Managing Director of Balaji Speciality Chemicals Limited. In his letter, Mr. Watwani cited the pursuit of better career growth opportunities as the reason for his departure, and expressed commitment to ensuring a smooth handover of responsibilities. The resignation was formally accepted by the Managing Director, with the effective date confirmed as 15th May, 2026.
Regulatory Compliance
The intimation was filed by Abhijeet Kothadiya, Company Secretary and Compliance Officer of Balaji Amines Limited, on 15th May, 2026. The disclosure was submitted to both BSE Limited and the National Stock Exchange of India Limited in accordance with the applicable listing regulations. The company confirmed that the details required under Regulation 30 and the relevant SEBI circular have been duly provided in the annexure accompanying the filing.
Historical Stock Returns for Balaji Amines
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.07% | +20.81% | +49.99% | +43.03% | +18.20% | -34.99% |
Who will Balaji Speciality Chemicals Limited appoint as the new CFO, and how quickly can the company fill this critical leadership gap?
How might the CFO transition at Balaji Speciality Chemicals impact the subsidiary's ongoing financial reporting, audits, or any planned fundraising activities?
Could this high-level departure signal broader leadership instability at Balaji Speciality Chemicals, and what does it mean for Balaji Amines' overall subsidiary management strategy?
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