Adline Chem Lab Updates CFO Resignation Details Following Board Changes
Adline Chem Lab Limited has submitted supplementary information regarding CFO Kuldip Ashokkumar Parekh's resignation due to better career opportunities, effective June 13, 2025. This follows the company's recent board restructuring in November 2025, where Vrushank Patel was appointed as Chairman replacing Sarang Bharatbhai Pathak. The company reported a loss before tax of ₹13.89 lakhs for the half-year ended September 30, 2025.
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Adline Chem Lab Limited has provided additional details regarding its Chief Financial Officer resignation in a fresh corporate announcement dated December 30, 2025. This follows the company's earlier significant board restructuring and financial results disclosure from November 2025.
CFO Resignation Details
The company has submitted supplementary information regarding the resignation of Mr. Kuldip Ashokkumar Parekh from his position as Chief Financial Officer. The resignation details are as follows:
| Parameter: | Details |
|---|---|
| Name: | Kuldip Ashokkumar Parekh |
| Position: | Chief Financial Officer (KMP) |
| Resignation Date: | June 13, 2025 |
| Reason: | Other pre-occupations and better career opportunities |
This announcement serves as additional information to the company's earlier corporate announcement dated June 13, 2025, regarding the outcome of the board meeting held on the same date. The board had duly accepted Mr. Parekh's resignation during that meeting.
Previous Leadership Changes
The company has undergone significant management changes in recent months. In November 2025, Adline Chem Lab announced major shifts in its top management:
- Sarang Bharatbhai Pathak resigned from his position as Executive Director-Chairman (Managing Director)
- Hemant Amrish Parikh stepped down as Non-Executive Promoter Director
- Vrushank Patel was appointed as the new Chairman of the Board
Board Committee Restructuring
Following the leadership changes, the company restructured its board committees with new compositions for the Audit Committee, Nomination Remuneration and Compensation Committee, and Stakeholders Relationship Committee, all featuring appropriate independent director representation.
Recent Financial Performance
The company's latest financial results for the quarter and half-year ended September 30, 2025, showed:
| Financial Metric: | Amount (₹ in lakhs) |
|---|---|
| Cash and Cash Equivalents: | 7.36 |
| Loss Before Tax (Half-year): | 13.89 |
Regulatory Compliance
The fresh corporate announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The document was digitally signed by Vrushank B. Patel, Director (DIN: 05310613), ensuring proper regulatory compliance and transparency for stakeholders.
Historical Stock Returns for Adline Chem Lab
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.96% | +4.96% | +27.19% | -42.13% | -49.48% | +30.46% |
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