PCBL Chemical reappoints T. C. Suseel Kumar as independent director
- Board approves second five-year term for T. C. Suseel Kumar
- Reappointment effective October 27, 2026, subject to shareholder vote
- Kumar is former LIC Managing Director with extensive finance experience
- Filed under SEBI Listing Regulations 30 and 51
*this image is generated using AI for illustrative purposes only.
PCBL Chemical Limited has approved the reappointment of T. C. Suseel Kumar as a Non-Executive Independent Director for a second term of five years, effective October 27, 2026.
The decision was taken by the Board of Directors via a resolution passed by circulation on October 13, 2026, following the recommendation of the Nomination and Remuneration Committee. The new term will run until October 26, 2031, inclusive of both dates. This appointment is contingent upon shareholder approval through a special resolution via postal ballot.
Governance and regulatory compliance
The intimation was filed under Regulations 30 and 51 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that necessary details regarding the postal ballot and e-voting process will be provided in due course. The filing adheres to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Profile of T. C. Suseel Kumar
Mr. Kumar brings extensive experience from his tenure at Life Insurance Corporation of India (LIC), where he retired as Managing Director in January 2021. His four-decade career included senior roles such as Executive Director and Zonal Manager, overseeing key departments including Marketing, CRM, HR, Finance, Audit, Corporate Governance, and Investments. He also managed LIC’s foreign operations in Mauritius and oversaw subsidiaries like LIC HFL, LIC MF, and IDBI Bank.
His expertise spans insurance and finance, with board positions at Axis Bank, Bombay Stock Exchange Limited, Lakshmi Machine Works, National Mutual Fund (Mauritius), and Manappuram Finance Ltd. Currently, he serves as an Independent Director at Firstsource Solutions Limited, TVS Credit Services, and LIC Housing Finance Ltd, in addition to PCBL Chemical Limited.
Disclosure details
| Particulars | Details |
|---|---|
| Reason for change | Reappointment as Independent Director |
| Date of re-appointment | October 27, 2026 |
| Term duration | Five consecutive years |
| Relationship disclosure | Not related to existing Directors, KMP, or Promoters |
| Debarment status | Not debarred by SEBI or any other authority |
Mr. Kumar is not related to any existing directors, key managerial personnel, or promoters of the company. He is not debarred from holding office by virtue of any SEBI order or other authority. The company will proceed with the requisite shareholder approvals to formalize the second term.
Historical Stock Returns for PCBL Chemical
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.79% | -2.45% | -5.60% | +14.40% | -19.37% | +148.81% |
How might Mr. Kumar's extensive background in insurance and banking influence PCBL Chemical's capital allocation strategies and risk management frameworks during his second term?
What specific strategic initiatives or governance reforms is PCBL Chemical expected to prioritize given the board's emphasis on retaining an independent director with strong regulatory compliance experience?
Will Mr. Kumar's concurrent directorships at major financial institutions like LIC Housing Finance and Axis Bank create any potential conflicts of interest or synergies for PCBL Chemical's future financing needs?
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