Camlin Fine Sciences Limited announced that Pradip Kanakia ceased to be an Independent Director of the company on October 18, 2026. The departure follows the completion of his five-year tenure as mandated by corporate governance norms.

Cessation details

The company filed a disclosure with the stock exchanges under Regulation 30 of the SEBI Listing Regulations. Kanakia, holding Director Identification Number (DIN) 00770347, stepped down upon the expiry of his term. The cessation took effect from Sunday, October 18, 2026.

Company response

Camlin Fine Sciences placed on record its appreciation for Kanakia's contributions and guidance during his tenure. The company noted that his services as an Independent Director were invaluable to its operations.

The disclosure was signed by Rahul Sawale, Company Secretary and Vice President Legal. The information is also available on the company's website for public record.

Camlin Fine Sciences Limited shareholders approved the appointment of Atul Pradhan as a Non-Executive Independent Director with a overwhelming majority of 99.97% of votes polled.

The resolution, which was passed via remote e-voting on October 16, 2026, grants Pradhan a five-year term commencing September 11, 2026. The appointment received unanimous support from the promoter group and institutional investors, while public non-institutional shareholders registered minimal dissent.

Voting breakdown and participation

The postal ballot process involved 58,383 shareholders on the cut-off date of September 11, 2026. A total of 107,824,938 votes were polled, representing 56.13% of the company's outstanding shares. The voting results highlight a strong alignment between management and major shareholder categories.

What the numbers show

The data reveals a distinct divergence in engagement levels across shareholder classes. While promoters and public institutions voted unanimously in favour, public non-institutional investors showed lower participation relative to their holding size but recorded the only dissenting votes in the entire ballot. Specifically, 30,881 votes against the resolution came exclusively from the public non-institutional category, accounting for 0.57% of their total polled votes. This indicates that opposition was isolated to a small subset of retail or individual shareholders rather than being a broad-based concern among institutional stakeholders.

Regulatory compliance and next steps

The scrutinizer’s report, submitted by JHR & Associates, confirmed that the resolution was passed with the requisite majority under Section 108 of the Companies Act, 2013. No invalid or less-voted ballots were reported. The detailed voting results and the scrutinizer’s report are available on the company’s website for further reference.