Bhaskar Agro Chemicals Limited has announced significant changes to its board composition following a meeting held on March 31, 2026, at the company's registered office. The board approved the appointment of two new independent directors while completing the tenure of two existing directors, along with reconstituting key board committees.

Board Appointments and Departures

The company's board, based on recommendations from the Nomination and Remuneration Committee, approved strategic changes to strengthen its governance structure. The meeting, which commenced at 04:00 PM and concluded at 04:45 PM, addressed key appointments and departures.

New Director Profiles

Mr. Sanjeev Kumar Koritala brings extensive experience in financial management and strategic planning within the automobile retail sector. He currently serves as Group Chief Financial Officer of the Harsha Group, one of South India's leading automobile dealership groups. In his CFO role, he oversees financial strategy, treasury operations, banking relationships, compliance, and risk management. His expertise includes driving financial discipline, optimizing capital structure, and supporting business expansion initiatives across multiple verticals.

Mr. Chandra Sekhar Pudi is a Management Consultant with over 25 years of professional experience. Since 2000, he has been actively engaged in advising organizations across sectors on business strategy, financial management, and operational efficiency. His expertise encompasses budgeting and financial planning, MIS and performance reporting systems, working capital and receivables management, sales performance evaluation, and internal control frameworks.

Committee Reconstitution

The board approved the reconstitution of three critical committees to align with the new board composition:

• Audit Committee
• Nomination and Remuneration Committee
• Stakeholders Relationship Committee

These changes ensure continued compliance with regulatory requirements and strengthen the company's governance framework.

Regulatory Compliance

The appointments and changes were made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed disclosures as required under SEBI Circular no. CIR/CFD/CMD/4/2015 dated September 09, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

The new appointments are subject to approval by the members of the company at the ensuing Annual General Meeting. These strategic board changes reflect the company's commitment to maintaining strong governance standards and bringing diverse expertise to guide its future growth.

Bhaskar Agrochemicals Limited has announced significant changes to its board composition and committee structure following a board meeting held on March 31, 2026. The decisions were made based on recommendations from the company's Nomination and Remuneration Committee and involve both new appointments and the completion of existing tenures.

New Independent Director Appointments

The board approved the appointment of two new independent directors effective April 1, 2026:

Sanjeev Kumar Koritala brings extensive experience in financial management and strategic planning as a seasoned finance professional and commerce graduate. He currently serves as Group Chief Financial Officer of the Harsha Group, one of South India's leading automobile dealership groups. In his CFO role, he oversees financial strategy, treasury operations, banking relationships, compliance, and risk management while driving financial discipline and supporting business expansion initiatives.

Chandra Sekhar Pudi is a management consultant with over 25 years of professional experience. Since 2000, he has been actively engaged in advising organizations across sectors on business strategy, financial management, and operational efficiency. His expertise spans budgeting and financial planning, MIS and performance reporting systems, working capital management, and internal control frameworks.

Director Tenure Completions

Two existing independent directors completed their tenure on March 31, 2026:

Committee Reconstitution

The board also approved the reconstitution of three key committees:

• Audit Committee
• Nomination and Remuneration Committee
• Stakeholders Relationship Committee

These changes align with the company's governance requirements and ensure continuity in oversight functions following the board composition changes.

Regulatory Compliance

The appointments and changes were disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed information in compliance with SEBI circulars dated September 9, 2015, and July 13, 2023. The new appointments are subject to approval by shareholders at the company's ensuing Annual General Meeting.