India pesticides Limited has announced the completion of Mr. Adesh Kumar Gupta's first term as Independent Director, marking a significant board transition for the agrochemical company. The announcement was made through a regulatory filing dated January 22, 2026, addressed to both BSE Limited and National Stock Exchange of India.

Director Tenure Details

Mr. Adesh Kumar Gupta, holding Director Identification Number (DIN) 00020403, completed his first term as Independent Director on January 22, 2026. His cessation from the position became effective from the closure of business hours on the same date.

Committee Responsibilities

Consequent to the completion of his directorship tenure, Mr. Gupta has also ceased to be a member and Chairman of various committees of the company. This transition affects the company's governance structure as committee compositions will need to be reconstituted.

Regulatory Compliance

The intimation was filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full compliance with disclosure requirements. The company provided detailed information as mandated under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Key regulatory disclosures included:

• Confirmation that Mr. Gupta is not debarred from holding directorship by SEBI or any other authority
• Proper documentation of cessation reasons and effective dates
• Compliance with BSE circular requirements

Management Acknowledgment

The Board of Directors and Management of India Pesticides Limited have placed on record their sincere appreciation for Mr. Gupta's valuable contributions, guidance, and services rendered during his tenure as Independent Director. This acknowledgment reflects the positive impact of his directorship on the company's governance and strategic direction.

Company Background

India Pesticides Limited operates as an ISO 9001:2015, 14001:2015, 45001:2018, and 10002:2018 certified company with its corporate office located at Water Works Road, Aishbagh, Lucknow. The company maintains manufacturing operations across multiple locations in Uttar Pradesh, demonstrating its significant presence in the agrochemical sector.

India pesticides Limited has received in-principle approval from BSE Limited for listing equity shares under its Employee Stock Option Plan 2023. The approval, dated January 12, 2026, marks a significant step in the company's employee benefit initiatives, enabling stock option exercises for eligible employees.

BSE Approval Details

BSE Limited granted the approval through reference number DCS/ESOP/IP/TS/3998/2025-26 on January 12, 2026. The approval covers the following specifications:

Compliance Conditions

The BSE approval comes with several mandatory compliance conditions that India Pesticides Limited must fulfill. The exchange has outlined specific requirements including notification under Regulation 10(c) of SEBI regulations after share allotment, payment of prescribed fees, and receipt of all statutory approvals from authorities including SEBI, RBI, and MCA.

Additional compliance requirements include:

• Adherence to all exchange guidelines and statutory authority directions
• Compliance with listing agreement conditions
• Fulfillment of Companies Act 2013 and other applicable laws
• Submission of documents as per BSE checklist requirements

Regulatory Framework

The share allotment will be conducted under the Securities Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. BSE has reserved the right to withdraw its in-principle approval if any information submitted is found incomplete, incorrect, misleading, or false, or for any contravention of exchange rules and regulations.

The exchange will issue trading permission from time to time upon receipt of proper notifications and subject to compliance with all stated conditions. This approval enables India Pesticides Limited to proceed with its employee stock option plan implementation, providing eligible employees with equity participation opportunities in the company.