The Board of Directors of Haryana Leather Chemicals Limited has approved the continuation of Pankaj Jain as Chairman and Managing Director beyond the statutory age limit of 70 years. The decision, taken during a meeting held on August 8, 2026, ensures leadership stability for the chemical manufacturer but remains subject to ratification by shareholders at the company’s ensuing Annual General Meeting. This move allows Jain to continue his tenure despite being liable to retire by rotation due to age regulations.

The Board’s approval follows a recommendation from the Nomination and Remuneration Committee. Under Section 164(2) of the Companies Act, 2013, no person above the age of 70 years can be appointed as a director unless a special resolution is passed by the members of the company. Consequently, Haryana Leather Chemicals Limited will seek shareholder consent through a special resolution at the upcoming AGM to validate Jain’s continued directorship. The filing confirms that Mr. Jain is not debarred from holding office by any order passed by the Securities and Exchange Board of India (SEBI) or any other regulatory authority.

Leadership Profile and Tenure

Pankaj Jain (DIN: 00206564) has served as the Managing Director since February 4, 2013. The company highlights his role in conceptualizing the establishment of Haryana Leather Chemicals Limited and designing its organizational structure and control systems. According to the disclosure, Jain has been instrumental in the company’s growth and diversification, expanding its presence to global markets. He currently devotes his full time to the growth and diversification strategies of the firm.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references specific SEBI circulars: SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. These circulars mandate detailed disclosures regarding changes in key managerial personnel and directors attaining the age of 70 years.

The Board meeting commenced at 12:30 PM and concluded at 1:05 PM on August 8, 2026. The Company Secretary and Compliance Officer, Yugank (M.no. A70463), signed the communication to the Bombay Stock Exchange Limited. No relationships between directors were disclosed in relation to this appointment continuation.

Haryana Leather Chemicals Limited has announced that the record date for its final dividend for the financial year 2025-26 is September 14, 2026. This announcement, made in compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informs investors of the specific date by which they must hold shares to qualify for the upcoming payout. The stakes for shareholders are clear: only those whose names appear in the register of members on this date will be eligible to receive the dividend, assuming it receives shareholder approval.

The Board of Directors recommended a final dividend of ₹1 per equity share of ₹10 face value during its meeting held on May 28, 2026. This recommendation is pending formal ratification by the company’s members at the 41st Annual General Meeting (AGM). The AGM is scheduled to take place on Saturday, September 26, 2026. If approved, the dividend will be classified as a corporate action dividend for the financial year spanning April 1, 2025, to March 31, 2026.

The timeline for the dividend process involves two critical dates for investors. First, the record date of September 14, 2026, determines eligibility. Second, the AGM date of September 26, 2026, serves as the procedural checkpoint for approval. The company has stated that if the dividend is approved at the AGM, payment will be made to eligible members within 30 days of its declaration.

Key Dividend Details

The filing was issued on August 10, 2026, and signed by Yugank, the Company Secretary and Compliance Officer, bearing membership number A70463. Haryana Leather Chemicals Limited operates as a joint venture with ICAP Sira, Italy, with its registered office and works located at 72–77, HSIIDC Industrial Estate, Hansi Road, Jind, Haryana.

What This Means for Shareholders

For investors holding equity shares in Haryana Leather Chemicals Limited, the primary action item is ensuring continued ownership through the record date. Since the record date precedes the AGM, eligibility is determined before the formal vote takes place. However, the actual disbursement of funds remains contingent upon the outcome of the vote at the AGM. Investors should note that the dividend amount of ₹1 per share represents a 10% yield on the ₹10 face value, providing a modest return on capital pending operational performance reviews in future quarters.