India Pesticides Limited announced significant board-level changes on January 12, 2026, with the appointment of a new independent director and approval of a comprehensive postal ballot process. The company's Board of Directors passed several key resolutions through circular resolution, marking important governance developments for the agrochemical manufacturer.

Board Appointments and Committee Restructuring

The board approved the appointment of Mr. Arun Kumar Jain (DIN: 07563704) as an Additional Director in the capacity of Non-Executive Independent Director. The appointment is subject to shareholder approval and is proposed for a five-year term from the date of appointment. Alongside this appointment, the board also approved the reconstitution of various committees to accommodate the new director.

Director Profile and Qualifications

Mr. Arun Kumar Jain brings substantial experience to the board as a former Indian Revenue Service (IRS) officer of the 1978 batch who retired as Chairman of Central Board of Direct Taxes (CBDT) on January 31, 2016. His educational credentials include an M.Sc. (Mathematics) with First Rank from Lucknow University and an LL.B. degree from Pune University.

During his distinguished career, he served in several senior positions including Director General (Investigation), Ahmedabad, and Chief Commissioner of Income Tax at Vadodara and Ahmedabad. In 2013, he joined the CBDT as Member (Personnel & Vigilance) before being elevated to Chairman. His expertise spans accounting and financial analysis, investigation, interpretation and implementation of tax laws, and public administration.

Currently, Mr. Jain serves as an Independent Director (second term) with GHCL Limited, a listed public company with an annual turnover of approximately ₹3,200.00 crore. The company confirmed that he is not related to any of the Directors, Key Managerial Personnel, Promoters, or Promoter group of the Company and is not debarred from holding the office of Director by any regulatory authority.

Postal Ballot and E-Voting Schedule

The company has established a comprehensive timeline for shareholder approval of the director appointment through postal ballot and remote e-voting process. National Securities Depositories Limited (NSDL) has been appointed to provide e-voting facility services, while Mr. Saket Sharma, a Practicing Company Secretary and Partner at M/s. GSK & Associates, has been appointed as Scrutinizer to conduct the postal ballot process.

Regulatory Compliance and Next Steps

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company indicated that the Notice of Postal Ballot for seeking approval of the members will be circulated in due course and will be filed with the stock exchanges. All detailed information regarding the appointment has been provided in accordance with listing regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

The appointment reflects India Pesticides Limited's commitment to strengthening its board governance with experienced professionals who bring valuable expertise in regulatory compliance and financial management to support the company's strategic objectives.

India Pesticides Limited has announced significant board changes through a circular resolution passed on January 12, 2026, including the appointment of a new independent director and the initiation of a postal ballot process for shareholder approval.

Board Appointments and Resolutions

The company's Board of Directors approved several key resolutions through circulation on January 12, 2026. The primary decision involved appointing Mr. Arun Kumar Jain (DIN: 07563704) as an Additional Director in the capacity of Non-Executive Independent Director. The board also approved the reconstitution of committees, draft postal ballot notice for the appointment, and appointed NSDL as the service provider for e-voting facilities along with a scrutinizer for the postal ballot process.

Postal Ballot Timeline and Process

The company has established a comprehensive timeline for the postal ballot process to seek shareholder approval for the director appointment. The remote e-voting will commence on February 5, 2026, and conclude on March 6, 2026, providing shareholders with a month-long window to cast their votes.

National Securities Depositories Limited (NSDL) will provide the e-voting facility services, while Mr. Saket Sharma, a Practicing Company Secretary and Partner at M/s. GSK & Associates, has been appointed as Scrutinizer to conduct the postal ballot through remote e-voting process in a fair and transparent manner.

Profile of New Director

Mr. Arun Kumar Jain brings substantial experience from his distinguished career in public service and corporate governance. He is a former Indian Revenue Service officer from the 1978 batch who retired as Chairman of Central Board of Direct Taxes (CBDT) on January 31, 2016. His educational qualifications include an M.Sc. (Mathematics) with first rank from Lucknow University and an LL.B. degree from Pune University.

During his career, Mr. Jain served in several senior positions including Director General (Investigation) in Ahmedabad, and Chief Commissioner of Income Tax at Vadodara and Ahmedabad. In 2013, he joined the CBDT as Member (Personnel & Vigilance) before being elevated to Chairman. His expertise spans accounting and financial analysis, investigation, interpretation and implementation of tax laws, and public administration.

Corporate Governance and Compliance

The appointment follows proper corporate governance protocols, with the company confirming that Mr. Jain is not related to any existing Directors, Key Managerial Personnel, Promoters, or Promoter group members. The company has also verified that he is not debarred from holding the office of Director by SEBI or any other regulatory authority.

Currently, Mr. Jain serves as an Independent Director in his second term with GHCL Limited, a listed public company with an annual turnover of approximately ₹3,200.00 crore, known for high ethical standards and strong regulatory compliance. His appointment term with India Pesticides Limited will be for five years from the date of appointment, subject to shareholder approval through the upcoming postal ballot.

The detailed postal ballot notice will be circulated to shareholders in due course and filed with the stock exchanges as per regulatory requirements.