DMCC Speciality Chemicals Limited announced significant leadership appointments following its board meeting held on January 10, 2026. The company approved the appointment of two key personnel to strengthen its governance structure and compliance framework.

Board Leadership Enhancement

The board approved the appointment of Ms. Saloni Jhaveri as an Additional Director, designated as a Non-Executive Independent Director. This appointment was made pursuant to the recommendation of the Nomination and Remuneration Committee and is subject to shareholder approval.

Ms. Jhaveri brings over two decades of experience in private equity, mergers and acquisitions, corporate finance, and strategy. She has professional experience spanning the United States and India, having successfully executed several cross-border and domestic transactions including mergers, acquisitions, joint ventures, and private equity investments across multiple sectors.

Company Secretary Appointment

The board also appointed Ms. Pallavi Pednekar as Company Secretary & Compliance Officer and Key Managerial Personnel, pursuant to Section 203 of the Companies Act, 2013 and related regulations.

Ms. Pednekar holds a Bachelor's degree in Commerce, an LLB, and is a Qualified Company Secretary. She brings over 12 years of experience in secretarial and legal functions across various companies, having previously served as Company Secretary at NGL Fine-Chem Limited and worked with Survival Technologies Private Limited.

Professional Background

Ms. Saloni Jhaveri currently heads Investor Relations at NIIF, where she is responsible for fundraising across all three funds and managing relationships with global investors and key stakeholders. Her responsibilities include working with representatives of the Government of India, global business leaders, and Embassies and Consulates. Prior to NIIF, she served as a Partner at SKP Business Consulting and has previously worked with KPMG India, HDFC Private Equity, and Praxair (USA). She holds a Bachelor's and Master's degree in Commerce from Sydenham College of Commerce and Economics and an MBA from The Pennsylvania State University.

Regulatory Compliance

Both appointments were made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 30. The board meeting commenced at 11:35 a.m. (IST) and concluded at 1:40 p.m. (IST) on January 10, 2026. Based on available information, Ms. Saloni Jhaveri is not debarred from holding the office of Director by virtue of any SEBI order or any other authority. The company has confirmed that there are no relationships between the newly appointed directors and existing board members.

DMCC Speciality Chemicals Limited (formerly known as The Dharamsi Morarji Chemical Company Ltd) has announced a significant change in its key personnel. The company's Company Secretary and Compliance Officer, Ms. Sonal Naik, has tendered her resignation to pursue opportunities outside the organization.

Key Details of the Resignation

Impact and Next Steps

The resignation of Ms. Naik will lead to changes in the company's key managerial personnel structure. As per the company's disclosure:

• Ms. Naik will continue to discharge her duties until the close of business hours on December 16, 2025.
• She will cease to be a Key Managerial Personnel under the provisions of Section 203 and other applicable provisions of the Companies Act, 2013.
• The company is in the process of finding a suitable candidate to fill the position.

This change comes as part of the normal course of business for DMCC Speciality Chemicals Limited. The company has confirmed that there are no material reasons for the resignation other than those specified in Ms. Naik's resignation letter.

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, DMCC Speciality Chemicals Limited has made the necessary disclosures to the National Stock Exchange of India Ltd and BSE Limited.

The company's management expressed gratitude for Ms. Naik's contributions during her tenure and wished her well in her future endeavors.