Hexagon Nutrition Limited has scheduled a Board of Directors meeting for September 30, 2026, to consider significant corporate governance matters. The agenda includes reviewing requisitions for the appointment of a new Executive Director and Chairman, as well as the approval of remuneration for the current Managing Director.

Requisition for Executive Director and Chairman

The Board will take note of a requisition letter dated September 24, 2026, submitted under Section 100(2) of the Companies Act, 2013. This request comes from Dr. Nikhil Arun Kelkar and Mr. Vikram Arun Kelkar, who are Promoters and Shareholders holding a combined 38.41% of the company's shareholding.

The requisition seeks the appointment of Mr. Arun Purushottam Kelkar (DIN: 00171276) as the Executive Director and Chairman. This proposal follows a notice of candidature received under Section 160(1) of the Companies Act, 2013. Additionally, the Board is asked to approve the remuneration payable to Mr. Arun Purushottam Kelkar for his term and to convene an Extra-ordinary General Meeting (EGM) to ratify these decisions.

Remuneration Approval for Managing Director

A separate requisition, also dated September 24, 2026, was submitted by Dr. Nikhil Arun Kelkar and Ms. Anuradha Kelkar. These shareholders and promoter members hold a combined 24.67% of the shareholding. They have requested the approval of remuneration payable to Mr. Vikram Kelkar, the current Managing Director (DIN: 02302364), effective from April 1, 2026.

Similar to the first requisition, this group has called for an EGM to be convened to address these matters. The Board is scheduled to take note of this request during the September 30 meeting.

Meeting Details and Regulatory Compliance

The meeting is being held in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both the National Stock Exchange of India Limited and BSE Limited about the scheduled board meeting.

The company stated that further details regarding the meeting will be made available on its official website. The Board will also consider and transact such other business as may be decided by the Chairperson with the consent of the Board.

Hexagon Nutrition Limited shareholders approved the appointment of Raghunath Sawant as Executive Director and the re-appointment of Nikhil Kelkar as Joint Managing Director. These resolutions were passed during the company's 33rd Annual General Meeting held on September 22, 2026.

The board disclosures were filed with the National Stock Exchange and BSE on September 23, 2026, under Regulation 30 of the SEBI (LODR) Regulations, 2015. The approvals formalize leadership changes announced earlier in August 2026.

Leadership appointments detailed

Raghunath Sawant has been appointed as Executive Director for a five-year term effective August 12, 2026. His brief profile and requisite details are available in the notice of the 33rd Annual General Meeting and the annual report filed with the stock exchanges.

Nikhil Kelkar was re-appointed as Joint Managing Director after retiring by rotation and offering himself for re-appointment, being eligible for the role. Both directors are not debarred by any order from the Securities and Exchange Board of India or other authorities. They are also not related to any other directors of the company.

Governance and compliance

The company confirmed that these appointments comply with regulatory requirements. Shareholders ratified the decisions during the annual meeting, ensuring continuity in the management structure. The company’s website hosts further details regarding the directors' profiles and the meeting proceedings.