Insilco Limited has announced the appointment of Ms. Shivangi Negi as Managing Director following a board meeting held on February 13th, 2026. The company, which has been under voluntary liquidation since June 25th, 2021, made this appointment based on the recommendation of its Nomination and Remuneration Committee.

Leadership Transition Details

The appointment comes as a direct result of Ms. Chaitali Talele's resignation from her position as Managing Director, effective from the close of working hours on February 13th, 2026. Ms. Talele also resigned from all committee positions within the company.

Professional Background and Qualifications

Ms. Shivangi Negi brings substantial expertise to her new role, holding a Bachelor's Degree in Commerce and qualifying as a Chartered Accountant from the Institute of Chartered Accountants of India. Her professional journey spans 18 years with extensive experience in controlling, finance, budgeting, forecasting, and internal audits.

Her career progression includes several key positions:

• 2006: Started as an Auditor with Rahul Kapoor and Associates
• 2007: Worked in Accounts and Finance at Siel Edible Oils for 1 year
• 2008: Joined Insilco Limited, progressing through various positions to CFO
• 2021: Moved to Evonik India as Legal Entity Controller for India
• October 2023: Promoted to Deputy CFO at Evonik India

Current Role and Expertise

At Evonik India, Ms. Negi served as the Business Analytics and Reporting Center (BARC) interface for all legal entities within the India cluster. Her responsibilities encompassed regional business analysis, financial and management reporting, planning, forecasting, and controlling of operational businesses. In her Deputy CFO role, she focused on streamlining finance processes and providing guidance to finance, accounting, controlling, and taxation teams.

Regulatory Compliance and Independence

The company has confirmed that Ms. Negi meets all regulatory requirements for the position. She is not related to any existing director of the company and does not hold any shares in Insilco Limited. Additionally, she is not debarred from holding directorship by SEBI or any other regulatory authority.

The appointment has been disclosed in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is subject to approval by the company's members.

Insilco Limited has announced the appointment of Ms. Deepa Jha as an Additional Director in the category of Non-Executive Non-Independent Director, effective 13th February 2026. The appointment was approved by the Board of Directors in their meeting held on the same date, following the recommendation of the Nomination and Remuneration Committee.

Appointment Details

The company disclosed the appointment under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ms. Jha has been assigned Director Identification Number (DIN) 11515789 and will be liable to retire by rotation as per company regulations.

Professional Background

Ms. Deepa Jha brings extensive experience to her new role, with 16 years of professional experience across Chemical, Media, and Shared services sectors. She is a qualified Chartered Accountant and Company Secretary, currently serving as Head of Local Financial Services-India at Evonik India since November 2025.

In her current role at Evonik India, Ms. Jha is responsible for the overall Accounts function and manages financial reporting under IFRS for Group reporting and Ind AS for local statutory reporting. Prior to this appointment, she worked as Financial Reporting Manager with The Walt Disney Company from 2021 to 2025, where she led multiple Controllership teams managing SG&A accounting, intercompany, TDS, leases, SOX compliances and audits.

Career Progression

Ms. Jha's professional journey includes significant experience in the chemical sector, having worked for 6 years with Huntsman India (International) Pvt Ltd. During her tenure there, she primarily worked in the Record to Report function and also contributed to the Business Performance Analytics team, supporting both European and India Performance Teams.

Earlier in her career, she served as Group Manager with WNS Global Services, South Africa Pty Ltd. and WNS Global Services Pvt Ltd, Mumbai, with primary responsibility for financial accounting and reporting. She began her professional career with GENPACT, focusing on general accounting and fixed assets management.

Director Independence and Relationships

The company has confirmed that Ms. Deepa Jha is not related to any existing Director of the Company and does not hold any shares in Insilco Limited. Additionally, she is not debarred from holding the office of director by virtue of any SEBI order or any other regulatory authority, as required pursuant to BSE Circular no. LIST/COMP/14/2018-19.

Company Status

Insilco Limited continues to operate under voluntary liquidation, a status that has been in effect since 25th June 2021. Despite this status, the company maintains its regulatory compliance obligations, including board appointments and disclosure requirements under SEBI regulations.