Reliance Chemotex Industries Announces Key Board Reappointments

Reliance Chemotex Industries Ltd. , a prominent player in the chemical industry, has made significant announcements regarding its board composition, signaling continuity in its leadership structure.

Executive Director Reappointment

The board of Reliance Chemotex Industries has approved the re-appointment of Mr. Ameya Shroff as Whole-Time Director, designated as Executive Director, for an additional three-year term. This extension, spanning from August 1, 2025, to July 31, 2028, is subject to shareholder approval.

Mr. Ameya Shroff, an alumnus of the Massachusetts Institute of Technology (MIT), USA, brings a wealth of expertise to his role. Since joining the company in 2013, he has been instrumental in revamping the administrative framework, with a keen focus on:

• Enterprise resource planning
• Inventory management
• Stores procurement

His efforts have notably reshaped the company's domestic marketing strategy, reducing its dependence on volatile commodity products.

Continuation of Non-Executive Director

In another key decision, the board has approved the continuation of Mr. Nand Gopal Khaitan as a Non-Executive Non-Independent Director, even after he reaches the age of 75 on May 21, 2026. This decision, also subject to shareholder approval, underscores the company's confidence in Mr. Khaitan's valuable contributions.

Mr. Khaitan, a respected legal professional with over four decades of experience in corporate law, commercial litigation, and arbitration, has been pivotal in the company's governance and decision-making processes. His extensive knowledge of regulatory matters and corporate governance continues to be an asset to the organization.

Board Dynamics and Relationships

It's worth noting that Mr. Ameya Shroff's reappointment adds an interesting dynamic to the board composition. He is the son of Managing Director Mr. Sanjiv Shroff and brother of Executive Director Mr. Rahul Shroff, highlighting the family's significant involvement in the company's leadership.

Compliance and Transparency

Both Mr. Ameya Shroff and Mr. Nand Gopal Khaitan have been cleared of any debarment from holding directorship positions by SEBI or any other authority, ensuring compliance with regulatory standards.

These strategic moves by Reliance Chemotex Industries reflect the company's commitment to maintaining a balance of experienced leadership and family stewardship. As the company moves forward, these appointments are likely to play a crucial role in shaping its future direction and governance structure.