Banco Products appoints Omkar Dharmadhikari as DGM

Banco Products (India) Limited has appointed Omkar Dharmadhikari as Deputy General Manager (DGM) - OE Marketing, effective August 4, 2026. The appointment adds to the company's Senior Management Personnel (SMP) and is intended to bolster its sales and marketing leadership capabilities. Dharmadhikari brings more than 25 years of extensive experience in the sales and marketing domain across diverse industries to the role.

The intimation was filed with the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Sachin Dalwadi, Company Secretary & Compliance Officer, on August 4, 2026.

Appointment Details

The key details of the appointment are outlined below:

Particulars	Details
Appointee	Omkar Dharmadhikari
Designation	DGM - OE Marketing
Effective Date	August 4, 2026
Qualification	Bachelor's degree in Mechanical Engineering
Experience	More than 25 years in sales & marketing

Regulatory Compliance

The appointment falls under the mandatory disclosure requirements for changes in Senior Management Personnel. As per the filing, there are no relationships between Directors that require disclosure in this context. The company confirmed that all necessary procedural steps have been completed to formalize the appointment.

What This Means

The addition of a seasoned professional with over two decades of experience in sales and marketing signals Banco Products' focus on strengthening its commercial operations. By appointing Dharmadhikari to the DGM - OE Marketing role, the company aims to leverage his industry expertise to drive growth in its marketing initiatives. The immediate effective date suggests a need for prompt leadership reinforcement in this specific functional area.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.82%	+6.97%	-2.81%	+8.90%	+11.17%	+668.94%

Banco Products has designated three employees as Senior Management Personnel (SMP) effective June 29, 2026, following an internal restructuring. Mr. Parasram Parihar, Mr. Jigar Pathak, and Mr. Rakesh Motekar have been elevated to these roles as per the requirements of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company submitted the intimation to BSE Limited and National Stock Exchange of India Limited to disclose the structural changes within its management hierarchy. The designation is part of an organizational realignment aimed at strengthening the leadership in key operational areas.

Profiles of Designated Personnel

The three appointees bring extensive experience in supply chain and procurement domains to their new roles. Their brief profiles, as disclosed in the regulatory filing, are detailed below.

Name	Designation	Qualification	Experience
Mr. Parasram Parihar	AGM Purchase	BE Industrial & Production Engineering & M.B.A. from IIM Mumbai	More than 18 years in Supply Chain, Vendor Development, Purchase with automobile industry
Mr. Jigar Pathak	Manager Vendor Development	M.B.A. from Ural Federal University	More than 12 years in Purchase & Vendor management with automobile sector
Mr. Rakesh Motekar	DGM Purchase	M.B.A. from MIT, Pune	More than 23 years in Purchase, Procurement & Supplier development with diverse industries

The filing confirmed that the reason for the change for all three personnel is their designation as SMP due to internal restructuring. The effective date of the change for all appointees is June 29, 2026. The disclosure regarding relationships with directors was stated as not applicable for these appointments.