PCBL Chemical Limited has announced key changes to its Board of Directors, marking a transition in its leadership structure. The company disclosed these developments under Regulation 30 of the SEBI Listing Regulations through a board resolution passed on March 26, 2026.

Director Tenure Completion

Mrs. Rusha Mitra, who has served as Independent Woman Director, will complete her first term on April 7, 2026. Due to her personal and professional commitments, she has decided not to seek re-appointment for another term. Her departure will result in multiple committee changes as she currently holds key positions within the company's governance structure.

The Board has placed on record its sincere appreciation for Mrs. Mitra's valuable contributions during her tenure with the company.

New Director Appointment

Based on the recommendation of the Nomination and Remuneration Committee, the Board has approved the appointment of Ms. Sneh Lata as Additional Director and Non-Executive Independent Woman Director. Her appointment is effective from March 26, 2026, and is subject to shareholder approval through a special resolution via postal ballot.

Professional Background

Ms. Sneh Lata brings significant legal and corporate expertise to the Board. She currently serves as a Principal Associate in the Corporate and Commercial practice group at Khaitan & Co, a leading law firm in the country. Her professional specializations include:

• Mergers and acquisitions
• Private equity transactions
• Joint ventures
• Business transfer arrangements
• Corporate financing
• General advisory services

She has extensive experience with complex commercial transactions involving both domestic and international clients across various industry sectors. The company has confirmed that Ms. Sneh Lata is not related to any existing Directors and is not debarred from holding the office of director by any regulatory authority.

Regulatory Compliance

The appointment follows all necessary regulatory requirements under SEBI guidelines. The company will provide detailed information regarding the postal ballot process and e-voting procedures in due course. This director change ensures continued compliance with corporate governance norms while bringing fresh expertise to the Board's decision-making processes.

PCBL Chemical Limited has received a penalty order from tax authorities in Uttarakhand, resulting in a combined financial obligation of ₹10.21 lakh. The company disclosed this development under Regulation 30 of the SEBI Listing Regulations on March 26, 2026.

Penalty Details and Authority

The Office of Assistant Commissioner, State Tax Bhagwanpur, Haridwar, Uttarakhand issued the order following the detention of a company vehicle during transit. The penalty structure includes two components as detailed below:

Nature of Violation

The penalty was imposed under section 130 of the CGST Act, 2017, specifically for address mismatch in tax invoice and e-way bill documentation. The violation was identified during routine vehicle detention procedures conducted by tax authorities. The company received a Notice in MOV-10 dated March 25, 2026, formally communicating the penalty decision.

Regulatory Compliance and Disclosure

PCBL Chemical Limited fulfilled its disclosure obligations by informing both the National Stock Exchange of India and BSE Limited about the penalty order. The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations and included comprehensive details as required under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Company Assessment and Impact

According to the company's evaluation of the order, there is no material impact expected on the financial, operational or other activities of PCBL Chemical Limited. The company has assessed the penalty in the context of its overall business operations and determined that the financial burden will not significantly affect its ongoing activities or strategic initiatives.