Continental Chemicals Limited has announced a key leadership change with the resignation of its Chief Financial Officer (CFO) Mr. Navneet Kumar. The company filed the resignation notification with the Bombay Stock Exchange under Regulation 30 of SEBI (LODR) Regulations, 2015 on December 13, 2025.

Resignation Details

Mr. Navneet Kumar, who serves as both CFO and Key Managerial Personnel (KMP) of the company, submitted his resignation on December 13, 2025. The resignation will become effective from January 14, 2026, providing the company with a transition period of approximately one month.

Reason for Departure

According to the official communication, Kumar's resignation is attributed to personal reasons, specifically his decision to pursue another career opportunity. The company has explicitly confirmed that there are no other material reasons for his resignation beyond those provided in the notification.

Transition and Succession

Continental Chemicals has indicated that the Board of Directors will appoint Kumar's successor in due course. In his resignation letter addressed to the Board, Kumar expressed gratitude for the opportunity to serve the company and committed to ensuring a smooth handover of his responsibilities to the concerned person as directed by management.

The company secretary Sakshi Dhawan, with membership number ACS33279, signed the regulatory filing on behalf of Continental Chemicals Limited.

Regulatory Compliance

The resignation notification was filed pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, read with Schedule III of the said regulations. The disclosure includes all required information as per SEBI circulars CIR/CFD/CMD/4/2015 dated September 9, 2015, and SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, regarding changes in Key Managerial Personnel.

Continental Chemicals Limited held its 40th Annual General Meeting (AGM) on September 20, 2025, making significant changes to its leadership and auditing structure. The company, headquartered in Noida, Uttar Pradesh, approved several key appointments during the virtual meeting, which lasted from 4:11 PM to 4:25 PM.

New Appointments and Reappointments

The shareholders approved the following appointments:

1. Secretarial Auditor: M/s B S Goyal & Co., led by proprietor B S Goyal (FCS: 4204, CP NO: 2915), has been appointed as the Secretarial Auditor for a five-year term from Financial Year 2025-2026 to 2029-2030.

2. Managing Director: Mr. Naresh Kumar Chibba (DIN: 00376963) has been reappointed as Managing Director for a two-year term starting August 1, 2026. Chibba, who holds a B.Com (Hons) degree from Delhi University, has been managing the company since its incorporation and brings vast experience in management and business. He currently holds 133,110 shares, representing 5.92% of the company's equity.

3. Independent Director: Ms. Parul Suraiya (DIN: 08490663) has been appointed as an Independent Director for a five-year term from September 20, 2025, to September 19, 2030. Suraiya brings experience in Hotel Management and Guest Service Management to the board.

AGM Voting Results

The AGM saw active participation from shareholders, with 47 attendees joining through video conferencing. The voting results for all resolutions were overwhelmingly positive:

It's worth noting that out of the total 2,249,000 shares, only 11,684 votes were polled, representing about 0.52% of the total shareholding.

Other Business

The AGM also approved the reappointment of Mr. Aditya Vikram Chibba (DIN: 02838045) as a director, who was retiring by rotation.

Continental Chemicals Limited has made these appointments in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has duly informed the Bombay Stock Exchange of these changes.

The company's proactive approach in strengthening its leadership and governance structure signals its commitment to growth and regulatory compliance in the coming years.