IG Petrochemicals accepts resignation of President Sanjay Gupta
- Sanjay Gupta resigned as President – New Business Initiatives at IG Petrochemicals
- Cessation effective from close of business hours on October 6, 2026
- Gupta cited pursuit of other personal interests in his resignation letter
- Disclosure made under Regulation 30 of SEBI LODR Regulations, 2015
*this image is generated using AI for illustrative purposes only.
IG Petrochemicals Limited has accepted the resignation of Sanjay Gupta, who served as President – New Business Initiatives and was designated as Senior Management Personnel. His cessation from the role is effective from the close of business hours on October 6, 2026.
Regulatory disclosure
The company informed BSE and NSE about the development pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation included relevant disclosures as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Pramod Bhandari, Chief Financial Officer, signed the digital submission on October 6, 2026. The filing noted that the resignation letter and specific disclosures were enclosed as Annexure I to the regulatory notice.
Resignation details
The resignation letter addressed to Nikunj Dhanuka, CMD, and Mayank Dhanuka, ED and CEO, stated that Gupta decided to pursue other personal interests. He confirmed that October 6, 2026, would be his last working day as mutually agreed.
| Particular | Detail |
|---|---|
| Name | Sanjay Gupta |
| Designation | President – New Business Initiatives |
| Category | Senior Management Personnel |
| Reason for change | Resignation |
| Effective date | October 6, 2026 |
The company clarified that disclosures regarding relationships between directors were not applicable. Similarly, brief profile requirements for appointment were marked not applicable as this was a cessation event.
Historical Stock Returns for IG Petrochemicals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +6.41% | +1.37% | +3.89% | +68.02% | +38.27% | -36.28% |
Who has been appointed as the interim or permanent successor to lead IG Petrochemicals' new business initiatives?
Will Sanjay Gupta's departure impact the timeline or scope of any ongoing strategic expansion projects?
How does this leadership change align with IG Petrochemicals' stated long-term growth strategy for FY2027?
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