Sanginita Chemicals independent director resigns

Sanginita Chemicals Ltd announced the resignation of Jagdishkumar Vajaji Thakor as an Independent Director effective July 19, 2026. The resignation, attributed to personal reasons, results in Thakor ceasing to be the Chairperson and Member of key board committees including the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee.

The company disclosed that it has received confirmation from the director stating there are no other material reasons for the resignation beyond those cited. The intimation was submitted to the National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The following table outlines the specifics of the regulatory disclosure regarding the director's departure:

S.No.	Particulars	Description
1	Reason for change	Resignation due to personal reasons
2	Date of cessation	July 19, 2026
3	Brief profile	Not Applicable
4	Disclosure of relationships	Not Applicable
5	BSE/NSE circular reference	Not Applicable
6	Letter of Resignation	Enclosed as Annexure-A
7	Other directorships	Nil
8	Confirmation of no other reasons	Confirmed by director

Thakor requested that the Board of Directors note his resignation and process the cessation from his post with immediate effect. He expressed gratitude to the board members and other stakeholders for their cooperation and support during his tenure.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.99%	+8.16%	+51.23%	+478.41%	+547.77%	+110.16%

Sanginita Chemicals Ltd has incorporated a wholly owned subsidiary named Agastya Solar Power Private Limited on July 07, 2026, to expand its business operations. The Ministry of Corporate Affairs has approved the incorporation and issued a Certificate of Incorporation for the new entity. This strategic move follows the company's earlier intimation dated June 17, 2026, regarding the formation of the subsidiary under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The newly formed subsidiary, Agastya Solar Power Private Limited, has an authorised share capital of ₹15,00,000. The paid-up and subscribed share capital of the company stands at ₹1,00,000, divided into 10,000 equity shares of ₹10 each. This capital structure provides the initial financial foundation for the subsidiary's operations.

Financial Details of Agastya Solar Power Private Limited

Parameter	Details
Authorised Share Capital	₹15,00,000
Paid-up & Subscribed Share Capital	₹1,00,000
Number of Equity Shares	10,000
Face Value per Share	₹10

The disclosure was made to the National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had initially informed the exchange about its intention to incorporate this subsidiary on June 17, 2026. The detailed information regarding the subsidiary is available in the prior disclosure submitted by the company.

For Sanginita Chemicals Limited, the filing was signed by Gaurav Kumar Tripathi, Whole Time Director. The incorporation marks a significant step in the company's corporate structure as it establishes a dedicated entity for solar power operations.