National Peroxide Limited appointed Vinay Divakar Jayade as Chief Executive Officer and Whole-Time Director, effective November 3, 2026. The appointment follows the resignation of Rajiv Arora, who will serve until November 2, 2026, to ensure an orderly transition.

The Board of Directors approved Jayade's appointment based on the recommendation of the Nomination and Remuneration Committee. He will serve a term of five years, subject to shareholder approval. Jayade will associate with the company as CEO and Whole-Time Director (Designate) starting October 1, 2026, working closely with Arora during the handover period.

Leadership Transition Details

Rajiv Arora resigned from his position due to family and personal reasons. Although his appointment letter stipulated a six-month notice period, he requested early relieving on November 2, 2026. The Board accepted this request, waiving the remaining notice period to facilitate the change in leadership.

Vinay Divakar Jayade brings over 34 years of experience in specialty chemicals, polymers, elastomers, coatings, and industrial materials. His career includes senior leadership roles focused on business strategy, profit and loss management, manufacturing operations, and market development.

Professional Background

Prior to joining National Peroxide, Jayade served as JV President of Cabot Sanmar Limited, where he drove business growth, operational excellence, and capacity expansion. Earlier, he was CEO and Managing Director of ASK Chemicals India, leading growth initiatives, strategic acquisitions, and new manufacturing facility commissions.

His extensive industry experience also includes leadership positions at Reliance Industries, Lanxess India, Dow Chemical/Rohm & Haas, Ciba Specialty Chemicals, Akzo Nobel Polymer Chemicals, DCM Shriram, and Caprihans India. Jayade holds a Chemical Engineering degree from MIT Pune and a Master's in Marketing Management from K. J. Somaiya Institute of Management, Mumbai.

What the Numbers Show

The transition involves a structured one-month overlap period where both executives are active. This overlap allows for direct knowledge transfer regarding ongoing matters and company affairs before the formal cessation of the outgoing CEO on November 2, 2026.

National Peroxide Limited shareholders approved all five ordinary resolutions at the sixth Annual General Meeting (AGM), including the declaration of a ₹7 per share final dividend for FY26. The resolutions passed with overwhelming majorities exceeding 99% in favour.

The meeting was conducted through Video Conferencing and Other Audio Visual Means on September 29, 2026, in compliance with Ministry of Corporate Affairs circulars. The session commenced at 11:00 am and concluded at 12:00 noon, with all directors and key managerial personnel present.

Voting results

Shareholders voted on five ordinary resolutions covering financial statements, dividends, director reappointments, auditor appointments, and cost auditor remuneration. The detailed voting outcomes are summarized below:

Meeting proceedings and voting

Ness N Wadia, Chairman of the company, chaired the meeting and confirmed the presence of requisite quorum. The notice for the AGM and the annual report for FY26 were circulated electronically to members with registered email addresses. For others, web links to access these documents were provided.

The statutory auditors' report did not contain any qualifications or adverse remarks, except for matters stated under the Emphasis of Matter paragraph. Similarly, the secretarial audit report was free from qualifications. Members were invited to express views, and queries submitted in advance were addressed by the management.

Remote e-voting was available from September 26, 2026, to September 28, 2026. E-voting during the meeting remained open for 30 minutes. Nilesh Shah & Associates, practicing company secretaries, served as the scrutinizer. Results are scheduled to be announced on or before October 1, 2026.