Deepak Chemtex Reshuffles Board: Appoints Two New Independent Directors

Deepak Chemtex Limited has announced significant changes to its board of directors, appointing two new independent directors while bidding farewell to two outgoing members. The company, listed on the BSE SME platform, made these changes effective July 27, 2025.

New Appointments

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has appointed Mrs. Daya Amit Bansal (DIN: 10619274) and Mr. Manish Kankani (DIN: 07777901) as Additional Directors (Independent) of the company. Both appointments are subject to shareholder approval at the upcoming general meeting or through postal ballot.

Mrs. Daya Amit Bansal

Mrs. Bansal, a Chartered Accountant since 2011, brings 13 years of experience to the board. Her expertise spans audit and assurance, tax and tax litigation, and RERA (Real Estate Regulatory Authority) matters. Additionally, she is qualified in Concurrent Audit of Banks (2021) and has completed the Social Auditors Certification Examination (2023).

Mr. Manish Kankani

Mr. Kankani, a practicing Chartered Accountant, contributes 10 years of experience in auditing, taxation, and financial advisory. He specializes in the regulatory framework governing Non-Banking Financial Companies (NBFCs) and has a strong track record in statutory, internal, and tax audits. His expertise extends to financial analysis, risk assessments, and liaison with regulatory authorities.

Terms of Appointment

Both Mrs. Bansal and Mr. Kankani have been appointed for a term of five consecutive years, from July 27, 2025, to July 26, 2030. Their positions are not liable to retire by rotation.

Outgoing Directors

Simultaneously, the company announced the departure of two independent directors:

1. Mr. Gautam Lath (DIN: 10198794)
2. Mrs. Pinki Kedia (DIN: 08455451)

Both Mr. Lath and Mrs. Kedia have completed their terms as Independent Directors and ceased to hold their positions effective from the close of business hours on July 27, 2025.

Compliance and Disclosures

Deepak Chemtex Limited has confirmed that the new appointees, Mrs. Bansal and Mr. Kankani, are not related to any existing directors, key managerial personnel, or promoters of the company. Furthermore, the company has stated that neither of the new directors is debarred from holding directorship positions by any SEBI order or other authority.

These board changes align with the company's commitment to maintaining strong corporate governance practices and bringing fresh perspectives to its leadership team. The diverse experience of the new independent directors is expected to contribute significantly to Deepak Chemtex's strategic direction and oversight.