Lime Chemicals Limited has reshuffled its Board of Directors following the resignation of Mr. Avinash Jhaveri, who served as the Non-Executive Independent Director designated as Chairman. The resignation, effective August 04, 2026, was submitted to concentrate on personal commitments, with no other material reasons disclosed. In response, the Board appointed Mr. Samir Kumar Das as the new Non-Executive Independent Director designated as Chairman of the Board on the same date. Additionally, Ms. Rakhi Jayantilal Upadhyay was appointed as a Non-Executive Independent Director.

These appointments were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III of the Listing Regulations and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The Board meeting held on August 04, 2026, formalized these changes and subsequently reconstituted four key statutory committees to reflect the new directorial lineup.

Mr. Samir Kumar Das brings over 30 years of leadership experience from top BFSI institutions, including SBI, ICICI Bank, Axis Bank, Tata Capital, and Aditya Birla Finance. As an Insolvency Professional, he specializes in governance, corporate and SME risk management, stressed asset resolution, and compliance oversight under the Insolvency & Bankruptcy Code. He currently serves as a Non-Executive Independent Director at Monika Alcobev Limited. Ms. Rakhi Jayantilal Upadhyay contributes more than 25 years of experience as a Financial Consultant, focusing on due diligence and verification.

The reconstitution of the committees is detailed below:

Committee Reconstitution

Audit Committee

Nomination and Remuneration Committee

Stakeholders Grievance Committee

Risk Management Committee

Governance Implications

The departure of Mr. Jhaveri marks a leadership transition for Lime Chemicals Limited, which has maintained over five decades of manufacturing excellence in calcium carbonate. Mr. Jhaveri confirmed that he holds no other directorships in listed companies. Both incoming directors, Mr. Das and Ms. Upadhyay, have confirmed they are not related to any Director, Promoter, or Promoter Group of the Company and are not debarred from holding office. The structural shift places significant emphasis on financial expertise and insolvency resolution within the Board’s governance framework, particularly through Mr. Das’s chairmanship of the Audit Committee.

Lime Chemicals Limited has announced that its board of directors will meet on Saturday, May 30, 2026. The primary agenda of the meeting is to consider and approve the audited financial results of the company for the quarter and financial year ended on March 31, 2026.

The intimation was sent to BSE Limited under Regulation 30. The meeting will be held to review the performance of the manufacturer of calcium carbonate for the specified period.

Meeting Details

The board meeting is scheduled to take place at the company's registered office. The approval of the financial results for the fourth quarter of the fiscal year 2026 and the full fiscal year 2026 is the key item on the agenda.

Lime Chemicals Limited is registered at Neco Chambers, 4th Floor, Rajiv Gandhi Road, C.B.D. Belapur, Navi Mumbai. The company has been in operation for over four decades.