Sigachi Industries has announced the appointment of Atul Dhavle as Chief People Officer, bringing significant human resources expertise to the pharmaceutical company's leadership team. This strategic appointment underscores the company's commitment to strengthening its organizational capabilities and talent management functions.

Leadership Appointment Details

The appointment of Dhavle as Chief People Officer represents a key addition to Sigachi Industries' executive team. In his new role, Dhavle will be responsible for overseeing the company's human resources strategy and organizational development initiatives.

Professional Background

Dhavle brings extensive experience from his tenure at several prominent organizations across diverse industries. His professional journey includes senior leadership positions at multiple well-established companies, providing him with a comprehensive understanding of human resources management across different business environments.

Previous Experience

Dhavle's career spans across various sectors, having held senior leadership positions at:

This diverse background across pharmaceutical, manufacturing, chemicals, and diversified business sectors positions Dhavle well to contribute to Sigachi Industries' human resources strategy and organizational growth initiatives.

Strategic Implications

The appointment reflects Sigachi Industries' focus on building a robust organizational structure to support its business objectives. With Dhavle's extensive experience across multiple industries, the company aims to enhance its talent management capabilities and strengthen its human resources framework as it continues its operations in the pharmaceutical sector.

Sigachi Industries Limited, a leading global manufacturer of pharmaceutical excipients and active pharmaceutical ingredients (APIs), has provided clarification to BSE regarding the delayed disclosure of Atul Dhavle's appointment as Chief People Officer. The company initially announced the appointment on January 5, 2026, but faced regulatory queries about the timing of disclosure.

Regulatory Compliance Clarification

Following BSE's communication dated January 6, 2026, requesting additional details regarding the corporate announcement filed under Regulation 30 of SEBI (LODR) Regulations, 2015, Sigachi Industries submitted a clarification letter. The exchange had observed a discrepancy regarding the delay in informing the appointment details within the mandatory 12-hour timeframe from the effective date of appointment.

Company's Response to Exchange Query

In its clarification dated January 6, 2026, the company acknowledged the delay and provided a detailed explanation. The management stated that the delay in disclosing the Chief People Officer appointment was primarily due to oversight. Company Secretary and Compliance Officer Vivek Kumar signed the clarification, apologizing for the inadvertent delay and reaffirming the company's commitment to strict compliance with all applicable laws and regulations.

Strategic Leadership Appointment Details

Arul Dhavle's appointment as Chief People Officer became effective from January 3, 2026, as per the company's original disclosure under Regulation 30 of SEBI listing requirements. In his new role, Dhavle will work closely with the Board and leadership team to align human capital strategy with the company's long-term growth objectives.

Future Compliance Commitment

The company has assured the exchange of timely compliance in future disclosures. This clarification demonstrates Sigachi Industries' commitment to maintaining transparency and adhering to regulatory requirements, despite the initial oversight in meeting the 12-hour disclosure timeline mandated for key management appointments.