Mrs. Priyanka Surana has ceased to be an Independent Director of krishana phoschem following the completion of her second term on June 24, 2026. The cessation became effective at the end of business hours on the same day. This development impacts the board composition of the company as it undergoes a change in its directorial leadership.

The disclosure was made to the National Stock Exchange of India Ltd. under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the change was due to the completion of the director's tenure rather than a resignation or removal.

The Board of Directors and the Management of Krishana Phoschem Limited placed on record their appreciation for the valuable contributions and guidance provided by Mrs. Priyanka Surana during her association with the company.

Details of Director Change

Krishana Phoschem Limited has disclosed a comprehensive list of its promoters and promoter group members, confirming that none of the 37 listed entities have encumbered their shares as of March 31, 2026. The declaration, submitted by Praveen Ostwal on behalf of the promoters, was filed with the National Stock Exchange of India Ltd. in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This disclosure provides transparency regarding the holding patterns of those who control the company and indicates that the promoters have not pledged their shares to raise funds.

The certification explicitly states that no encumbrance was made directly or indirectly during the financial year ended March 31, 2026, other than those previously disclosed. The list includes individuals and entities such as Mahendra Kumar Ostwal, Pankaj Ostwal, and Ostwal Phoschem (India) Limited, alongside other group entities like Nirmala Realinfrastructure Private Limited and Seasons International Private Limited.

The declaration was addressed to the company's Audit Committee, located at Wing A/2, 1st Floor, Ostwal Heights, Urban Forest, Atun, Bhilwara. The absence of encumbrance serves as a critical indicator of corporate governance and financial stability, reducing the risk of stake sales in case of market volatility.

The regulation mandates such periodic disclosures to ensure transparency regarding the holding patterns of those who control the company. The detailed list reaffirms the unencumbered status of the promoter holdings to the stock exchanges and shareholders.