Mercury Laboratories appoints Binaya Kumar Panigrahi as Plant Head
Mercury Laboratories Limited has appointed Mr. Binaya Kumar Panigrahi as the Plant Head for its Jarod Unit effective June 11, 2026. Panigrahi, a B.Pharm graduate with over 24 years of experience in tablet manufacturing, previously worked with Coral Laboratories Limited and Biocon Biological India Limited. The appointment was disclosed to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
*this image is generated using AI for illustrative purposes only.
Mercury Laboratories Limited has appointed Mr. Binaya Kumar Panigrahi as the Plant Head for its Jarod Unit, effective June 11, 2026. The appointment aims to strengthen the company's manufacturing operations with the addition of a senior management professional possessing extensive industry experience.
The appointment was made pursuant to Regulation 30 read with Para A(7) of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted to the stock exchanges to comply with the regulatory framework governing senior management personnel changes.
Profile of the Appointee
Mr. Binaya Kumar Panigrahi, aged about 52 years, holds a Bachelor degree in Pharmacy (B.Pharm). He possesses a rich experience of more than 24 years specifically in the domain of Tablet Manufacturing. Prior to this role, he was associated with Coral Laboratories Limited and Biocon Biological India Limited, Bangalore.
Appointment Details
The following table outlines the key details regarding the new appointment:
| Sr. No | Detail | Information |
|---|---|---|
| 1. | Reason for change | Mr. Binaya Kumar Panigrahi appointed as Plant Head (Jarod Unit) |
| 2. | Date of appointment | June 11, 2026 |
| 3. | Term of appointment | Full time employment |
| 4. | Disclosure of relationships | Not applicable |
The company has informed the BSE Limited regarding this change in its senior management personnel. The intimation was signed by Rajendra Shah, Managing Director of Mercury Laboratories Limited.
Historical Stock Returns for Mercury Laboratories
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.13% | +1.04% | -1.77% | -6.88% | -6.53% | +5.74% |
How will Mr. Panigrahi's expertise in tablet manufacturing influence Mercury Laboratories' production capacity and operational efficiency?
What strategic initiatives does the company plan to implement under the new Plant Head to expand the Jarod Unit's capabilities?
Could this appointment signal a shift in Mercury Laboratories' product portfolio or a focus on specific therapeutic areas?
20
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
