Manali Petrochemicals Announces Major Leadership Changes
Manali Petrochemicals Limited (MPL) has announced significant leadership changes effective October 3, 2025. Ms. Srishti M Bathija, a Chartered Accountant with over a decade of experience, has been appointed as the new Chief Financial Officer for the MPL Group. Ms. K Lalitha, the outgoing CFO, will transition to a non-KMP finance role. Additionally, Mr. Anand Raghavan, with 39 years of experience in the financial sector, has been appointed as a Non-executive Independent Director for a five-year term, subject to shareholder approval.

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Manali Petrochemicals Limited (MPL), a prominent player in the petrochemical industry, has announced significant changes to its leadership team, effective October 3, 2025. The company's Board of Directors approved these changes based on recommendations from the Nomination & Remuneration Committee and Audit Committee.
New Chief Financial Officer Appointed
Ms. Srishti M Bathija has been appointed as the new Chief Financial Officer for the MPL Group. Bathija, a Chartered Accountant and CFA Level I, brings over a decade of experience in strategic finance, mergers and acquisitions (M&A), and business transformation to her new role.
Prior to joining MPL, Bathija served as the Chief Financial Officer and Director at TIMAC Agro India Private Limited, a subsidiary of Groupe Roullier (France). Her impressive career includes stints with prestigious organizations such as PricewaterhouseCoopers, Goldman Sachs, and Deloitte.
Bathija's expertise spans various areas, including:
- Leading core finance, treasury, risk, compliance, and legal functions
- Building and scaling finance teams
- Implementing robust controls and automation
- Driving operational efficiencies
- Managing M&A transactions and business integration
Outgoing CFO Transitions to New Role
Ms. K Lalitha, the outgoing Chief Financial Officer, has resigned from her position effective October 3, 2025. Lalitha will continue to serve the company in a non-Key Managerial Personnel (KMP) finance role, ensuring a smooth transition of responsibilities.
In her resignation letter, Lalitha expressed gratitude for the opportunities provided during her tenure as CFO and committed to facilitating a seamless handover process.
New Independent Director Appointed
In another significant move, MPL has appointed Mr. Anand Raghavan as a Non-executive Independent Director for a five-year term, subject to shareholder approval through a postal ballot.
Raghavan brings 39 years of experience in the financial sector to the MPL board. His impressive background includes:
- A bachelor's degree in commerce from the University of Madras
- Chartered Accountant qualification
- Previous partnership at Ernst & Young
- Former Vice President of Corporate Affairs at Sundaram Finance Limited
- Member of the RBI's Committee on Functioning of Asset Reconstruction Companies
- Member of the Committee for Revival of MSMEs in Tamil Nadu
Corporate Governance and Compliance
MPL has confirmed that neither Ms. Bathija nor Mr. Raghavan is related to any of the company's directors. Additionally, the company has verified that Mr. Raghavan is not debarred from holding the office of director by any SEBI order or other authority, in compliance with stock exchange requirements.
These strategic appointments and changes in Manali Petrochemicals' leadership team are expected to bring fresh perspectives and expertise to the company, potentially driving growth and operational excellence in the coming years.
Historical Stock Returns for Manali Petrochemicals
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+1.11% | +2.29% | -10.40% | +27.25% | -12.11% | +106.15% |