Omkar Speciality Chemicals board approves sale of two Badlapur plots

scanx
Reviewed by
Shriram SScanX News Team
Key Highlights
  • Omkar Speciality Chemicals board approved sale of two plots on October 19, 2026
  • Plot No. F-09 measures 2,519 sq. mtrs in MIDC Industrial Area, Badlapur
  • Plot No. F-10 measures 5,874 sq. mtrs in MIDC Industrial Area, Badlapur
  • Disclosure made under Regulation 30 of SEBI LODR Regulations, 2015
powered bylight_fuzz_icon
53960936

*this image is generated using AI for illustrative purposes only.

Omkar Speciality Chemicals Limited (NSE: OMKARCHEM) approved the sale of two industrial plots in Badlapur, Maharashtra, during its Board meeting held on October 19, 2026.

The properties are located in the MIDC Industrial Area, District Thane. The combined area of the two plots is 8,393 sq. mtrs.

Details of assets for sale

The Board considered and approved the disposal of the following units:

Plot Number Area Location
F-09 2,519 sq. mtrs MIDC Industrial Area, Badlapur
F-10 5,874 sq. mtrs MIDC Industrial Area, Badlapur

Regulatory compliance and next steps

The approval was granted under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company stated it will keep stock exchanges informed of further developments regarding the sale transactions.

The meeting commenced at 3:00 pm and concluded at 4:00 pm. Kuldeep Menaria, Company Secretary & Compliance Officer, signed the disclosure submitted to the National Stock Exchange of India Limited and BSE Limited.

What is the expected timeline for completing the sale transactions and realizing the proceeds?

How does the disposal of these plots align with Omkar Speciality Chemicals' current capital allocation strategy?

Will the proceeds from the asset sale be reinvested into core chemical operations or used to reduce debt?

like18
dislike

Omkar Speciality Chemicals appoints Dhabriya, accepts Pherwani resignation

scanx
Reviewed by
Suketu GScanX News Team
Key Highlights
  • Appointed Shashi Kala Dhabriya as non-executive independent director for 5 years
  • Accepted resignation of Muskaan Pherwani effective October 13, 2026
  • Dhabriya holds an MA in History and is listed as a homemaker
  • Pherwani cited inability to devote time due to personal and professional commitments
powered bylight_fuzz_icon
53622958

*this image is generated using AI for illustrative purposes only.

Omkar Speciality Chemicals Limited (NSE: OMKARCHEM) reshuffled its board on October 15, 2026, by appointing Shashi Kala Dhabriya as an additional non-executive independent director while accepting the resignation of Muskaan Pherwani.

The Board of Directors approved the appointment of Dhabriya based on the recommendation of the Nomination and Remuneration Committee. Her tenure is set for 5 consecutive years from October 15, 2026, to October 14, 2031, subject to shareholder approval. Simultaneously, the Board took note of Pherwani’s resignation, which became effective at the close of business hours on October 13, 2026.

Director profiles and tenure details

The company disclosed specific details regarding the incoming director in its regulatory filing. Dhabriya holds a Master of Arts in History from the University of Rajasthan, Jaipur, obtained in 1981. The filing notes her occupation as a homemaker, citing her values of integrity and social awareness as contributing factors to her ability to provide independent judgment.

Detail Incoming Director Outgoing Director
Name Shashi Kala Dhabriya Muskaan Pherwani
DIN 11611776 11421254
Role Non-Executive Independent Director Non-Executive Independent Director
Effective Date October 15, 2026 October 13, 2026
Term/Status 5 years (subject to approval) Resigned

Pherwani’s resignation letter cited personal and professional commitments as the primary reason for stepping down. She stated she could not devote the required time and attention to a company undergoing both restructuring and growth. She confirmed there were no other material reasons for her departure. Consequently, she ceased to hold membership in all board committees and positions within the company effective from her resignation date.

Governance disclosures

Dhabriya is not related to any director or key managerial personnel of Omkar Speciality Chemicals. The company confirmed she is not debarred from holding the office of director by any SEBI order or other authority. Pherwani is not a director in any other listed entity. The board meeting commenced at 4:00 pm and concluded at 6:00 pm.

How will the board's composition changes impact Omkar Speciality Chemicals' ongoing restructuring strategy and growth initiatives?

What specific industry expertise or governance experience is the company seeking to address with this appointment, given the incoming director's stated background?

Will the resignation of Muskaan Pherwani trigger a review of the current board committee structures or lead to further leadership adjustments?

like15
dislike

More News on Omkar Speciality Chemicals Limited