Aimco Pesticides has announced the appointment of Mrs. Tarlika Pradeep Dave as a Non-Executive, Additional Director, effective September 15, 2025. The Board of Directors made this decision during a meeting held at Aimco House in Mumbai.

Appointment Details

Mrs. Dave, aged 80, brings a wealth of experience to her new role. She holds a Bachelor's degree in Science from Mumbai University and has played a significant part in the pesticide industry for three decades. Her appointment is subject to shareholder approval at the upcoming Annual General Meeting.

The Board has recommended Mrs. Dave's appointment for a term of five consecutive years, from September 15, 2025, to September 14, 2030. This recommendation was based on the advice of the Nomination and Remuneration Committee, in accordance with the applicable provisions of the Companies Act, 2013 and SEBI regulations.

Professional Background

Mrs. Tarlika Pradeep Dave has been a key figure in shaping and leading Amisco Agro-Chem Limited's business over the past three decades. Her extensive travel and global experience have provided her with deep insights into both domestic and international pesticide markets. One of her notable strengths is her ability to cultivate and maintain strong personal relationships with major distributor families, which has been a hallmark of her leadership.

Family Ties

Mrs. Dave has significant family connections within Aimco Pesticides. She is the wife of Pradip Pushkarrai Dave and the mother of Dr. Samir Pradip Dave and Mr. Ashit Pradip Dave, who are also associated with the company.

Regulatory Compliance

The company has confirmed that Mrs. Dave was not debarred from holding the office of director by virtue of any SEBI order or any other such authority. This appointment aligns with the company's commitment to maintaining strong corporate governance practices.

Aimco Pesticides' decision to bring Mrs. Tarlika Pradeep Dave on board as a Non-Executive, Additional Director appears to be a strategic move, leveraging her extensive industry experience and relationships to potentially strengthen the company's position in the pesticide market.

Aimco Pesticides announced the unexpected passing of Mrs. Elizabeth Chandraprakash Shrivastava, a key figure in the company's leadership, on September 4, 2025. Mrs. Shrivastava, who served as a Promoter and Whole-Time Director, was an integral part of the organization's management team.

Sudden Departure

The company informed the Bombay Stock Exchange (BSE) of Mrs. Shrivastava's demise through a regulatory filing, describing her passing as "sudden and unexpected." Aimco Pesticides expressed that her loss would be irreparable to the organization, highlighting the significant role she played in the company's operations and strategic direction.

Regulatory Implications

Following Mrs. Shrivastava's passing, Aimco Pesticides noted that she would cease to be part of the promoter/promoter group in accordance with Regulation 31A (6) (c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This change in the promoter group structure could have implications for the company's ownership and control dynamics.

Company's Response

In the official communication to the BSE, Reema Manoj Vara, Company Secretary and Compliance Officer of Aimco Pesticides, conveyed deep sympathy, sorrow, and condolences to Mrs. Shrivastava's family on behalf of all directors and employees of the company. The statement underscored the profound impact of her loss on the Aimco Pesticides community.

Leadership Transition

While the company has not yet announced any immediate plans for succession or changes in the board structure, the unexpected nature of Mrs. Shrivastava's passing may prompt Aimco Pesticides to address leadership transitions in the near future.

As the pesticide industry continues to evolve, Aimco Pesticides will face the challenge of navigating this significant loss while maintaining its operational momentum and strategic direction. Stakeholders will likely be watching closely for any updates on how the company plans to address this leadership void and ensure continuity in its business operations.