Continental Chemicals Limited (CCL) has made significant changes to its leadership and governance structure, as announced in a recent board meeting. The company's Board of Directors has approved several key appointments, subject to shareholder approval, which are set to shape the future direction of the organization.

Reappointment of Managing Director

Mr. Naresh Kumar Chibba has been reappointed as the Managing Director of Continental Chemicals Limited for a two-year term, effective from August 1, 2026. Mr. Chibba, who holds a B.Com (Hons) degree from Delhi University, has been at the helm of the company since its inception. His extensive experience in management and business operations has been instrumental in guiding CCL through various stages of growth.

Mr. Chibba currently holds 133,110 shares, representing a 5.92% stake in the company. His reappointment signals continuity in leadership and strategy for Continental Chemicals Limited.

New Independent Director

In a move to strengthen its board, CCL has appointed Ms. Parul Suraiya as an Independent Director. Ms. Suraiya's appointment is effective from August 6, 2025, for an initial term until the next Annual General Meeting. Subject to shareholder approval, her term may be extended for five years.

Ms. Suraiya brings valuable experience in Hotel Management and Guest Service Management to the board. This diverse skill set is expected to contribute fresh perspectives to CCL's strategic decisions. It's worth noting that Ms. Suraiya currently holds no shares in the company.

Appointment of Secretarial Auditor

The board has also appointed M/s B S Goyal & Co. as the Secretarial Auditor for Continental Chemicals Limited. This appointment is for a term of five consecutive years, spanning from the Financial Year 2025-2026 to 2029-2030. B S Goyal & Co., led by proprietor B S Goyal (FCS: 4204, CP NO: 2915), is known for providing secretarial, legal, compliance, and management services using advanced tools and technologies.

Additional Board Decisions

The board meeting, which was held on August 25, 2025, also addressed several other important matters:

1. Approval of the Draft Board's Report for the year ended March 31, 2025.
2. Re-appointment of Mr. Aditya Vikram Chibba as a director, subject to shareholder approval.
3. Setting the date for the 40th Annual General Meeting, which will be held on September 20, 2025, through video conferencing.
4. Appointment of Mr. B.S. Goyal & Co. as the Scrutinizer for the upcoming AGM.
5. Approval of the closure of the Register of Members and Share Transfer Books from September 14 to 20, 2025, for the purpose of the AGM.

These appointments and decisions reflect Continental Chemicals Limited's commitment to maintaining strong corporate governance and adapting to evolving business needs. Shareholders will have the opportunity to vote on these changes at the upcoming Annual General Meeting.

The company has also announced that it will provide shareholders with the facility to cast their votes electronically on all resolutions set forth in the AGM notice, ensuring a transparent and accessible voting process.

Continental Chemicals Limited has announced significant changes to its board and committee structures, marking a new chapter in the company's corporate governance.

Board Appointment

The company's Board of Directors, in a meeting held on August 6, 2025, approved the appointment of Mrs. Parul Suraiya (DIN: 08490663) as an Additional Director. Mrs. Suraiya has been designated as an Independent Director, subject to shareholder approval at the upcoming General Meeting.

Professional Background

Mrs. Suraiya brings valuable experience in Hotel Management and Guest Service Management to the board. This diverse background is expected to contribute fresh perspectives to the company's strategic decisions.

Term of Appointment

The initial term for Mrs. Suraiya's appointment is until the next General Meeting. If approved by shareholders, her term as an Independent Director will extend for a period of five years.

Key Points of the Appointment

• Mrs. Suraiya holds no shares in Continental Chemicals Limited.
• She is not related to any existing directors of the company.
• The company has affirmed that Mrs. Suraiya is not debarred from holding the office of Director by any order from SEBI or other authorities.

Committee Restructuring

In addition to the new appointment, Continental Chemicals has announced a significant reshuffling of its key committees:

1. Audit Committee
2. Nomination and Remuneration Committee
3. Stakeholders Relationship Committee

In all three committees, Mrs. Parul Suraiya has replaced Mr. Raghav Nathani as the Chairperson. The other members of these committees remain unchanged.

Committee Compositions

These changes in Continental Chemicals' leadership structure are aimed at enhancing corporate governance and bringing fresh perspectives to the company's decision-making processes. The market will be watching closely to see how these changes impact the company's strategic direction and performance in the coming months.