Ester Industries Limited announced major leadership restructuring following its Board of Directors meeting held on March 26, 2026. The Board approved significant changes in the company's top management structure, including the re-designation of its Managing Director and appointment of a new Chief Executive Officer.

Board Meeting Outcomes

The Board meeting, which commenced at 12:20 P.M. and concluded at 12:35 P.M., resulted in key decisions that will reshape the company's executive leadership:

Leadership Profiles

Mr. Arvind Singhania is a co-founder of Ester and has been actively associated with the company since its inception in 1985. His vision and passion have been integral to Ester's success, taking the company from a small startup to a diversified and globally recognized organization. Innovation and development are at the core of his philosophy, driving Ester's transformation from commodity to technology play. He brings more than 40 years of rich and varied experience including production, supply chain, finance, and business development. Mr. Singhania is the father of Mr. Ayush Vardhan Singhania, Whole Time Director of the Company.

Mr. Vaibhav Jha has completed his MBA from IIT Bombay and B.E. from Nagpur University. He brings more than 21 years of rich experience and proven track record of managing multicultural joint ventures with extensive experience across multiple functions, industries, and global geographies. Prior to joining Ester, he was associated with reputed organizations like Infosys Technologies, GEP Worldwide and Reliance Industries Limited. Mr. Jha is not related to any director of the company.

Updated Key Managerial Personnel

Following the leadership changes, the company has updated its list of Key Managerial Personnel authorized by the Board for determining materiality of events and making necessary disclosures to stock exchanges:

Regulatory Compliance

The company has issued a notice of postal ballot seeking approval from members for the proposed changes. All disclosures have been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Mr. Arvind Singhania is not debarred from holding the office of Director pursuant to SEBI Order or any such authority order.

Ester Industries has announced the cancellation of multiple proposed share transfers within its promoter group through regulatory filings dated 24th March 2026. The development involves the withdrawal of previously planned inter-se transfers between various promoter group members due to unforeseen circumstances and personal reasons.

Multiple Transaction Cancellations

The cancelled transactions involved two separate proposed transfers:

Regulatory Filing Details

Fenton Investments Private Limited, incorporated under CIN U65990DL1990PTC266241, formally communicated the cancellation through a detailed regulatory filing. The company, with its registered office at 20 Gaushala Road, Satbari, Chattarpur, Mehrauli New Delhi, cited unforeseen circumstances for the transaction withdrawal.

Corporate Declarations and Compliance

Both cancellations were communicated to BSE Limited and National Stock Exchange of India Limited, where Ester Industries maintains its listing under scrip code 500136 and symbol ESTER respectively. Ayush Vardhan Singhania confirmed in his filing that personal reasons led to the cancellation of his proposed acquisition from his brother.

Fenton Investments Private Limited, represented by Director Pradeep Kumar Rustagi, declared that no provisions of SEBI Takeover Regulations or other applicable laws have been contravened. The formal intimations were addressed to both major stock exchanges at their respective Mumbai offices - BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, and NSE at Exchange Plaza, Bandra-Kurla Complex.

Communication Protocol

Copies of all communications were sent to Ester Industries Limited's registered office at Plot No.11, Block-A, Infocity-1, Sector-34, Gurugram. Company Secretary & Compliance Officer Poornima Gupta digitally signed the company's disclosure on behalf of Ester Industries Limited. These developments represent routine corporate actions where promoter group members adjust their shareholding plans while maintaining full regulatory compliance and transparency with market participants.