Saptak Chem & Business Limited has announced the resignation of its Managing Director, Mr. Rohitkumar Parikh, effective February 3, 2026. The decision was formalized during a Board meeting held on the same date, demonstrating the company's commitment to transparent corporate governance and regulatory compliance.

Board Meeting Outcome

The Board of Directors convened on February 3, 2026, from 7:00 p.m. to 7:30 p.m. to address key corporate matters. The meeting resulted in two primary outcomes: the acceptance of Mr. Rohitkumar Parikh's resignation from his position as Managing Director and Director, and a review of other business matters pertaining to the company's operations.

Resignation Details

Mr. Rohitkumar Parikh (DIN: 07394964) submitted his resignation citing pre-occupation with other activities as the primary reason for his departure. The company has provided comprehensive disclosure in compliance with SEBI regulations, confirming that there are no material reasons for the resignation beyond those explicitly mentioned in the resignation letter.

Regulatory Compliance

The announcement was made in strict adherence to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted the required documentation to BSE Limited, including detailed annexures as mandated by SEBI circular dated July 13, 2023.

Corporate Transition

In his resignation letter, Mr. Parikh expressed gratitude to the Board of Directors for their cooperation during his tenure as Managing Director. He requested a copy of Form DIR-12 to be filed with the Registrar of Companies for his records. The resignation letter emphasized his inability to continue in the directorial capacity due to commitments in other professional activities.

The company's registered office remains at 6th Floor, B-Wing, B D Patel House, Naranpura, Ahmedabad - 380 009, and the transition appears to be proceeding smoothly with proper documentation and regulatory filings being completed as required.

Saptak chem & business Limited has announced significant leadership changes following its board meeting held on January 9, 2026. The company's board approved the appointment of Mr. Ayush Vinod Kumar Tated as the new Managing Director, marking a strategic move in the company's executive leadership structure.

Board Meeting Outcomes

The board meeting, conducted from 3:30 PM to 3:45 PM on January 9, 2026, resulted in two key appointments for Mr. Ayush Vinod Kumar Tated (DIN: 11461830):

Leadership Profile

Mr. Ayush Tated brings substantial qualifications to his new role as Managing Director. As a Commerce graduate, he possesses comprehensive knowledge in accounting, finance, and business management. His professional approach is characterized by structured and analytical decision-making capabilities, supported by a thorough understanding of commercial operations and compliance requirements.

Key Qualifications

• Commerce graduate with specialized knowledge in accounting and finance
• Strong background in business management and commercial operations
• Analytical approach to strategic decision-making
• Commitment to ethical business practices and compliance requirements
• Experience in strategic planning and organizational management

Regulatory Compliance

The appointment follows all regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that Mr. Tated is not debarred from holding the office of Director by any order of SEBI or other regulatory authorities. Both the Nomination and Remuneration Committee and the Board of Directors have verified his eligibility for the position.

Next Steps

While Mr. Tated's appointment as Additional Director is effective immediately and will continue until the ensuing Annual General Meeting, his appointment as Managing Director requires shareholder approval. The five-year term as Managing Director, if approved, will provide stability and continuity in the company's leadership structure through January 2031.