Specialty Chemicals
Board Meeting31 March 2026 at 07:36 am

Machhar Industries Re-Appoints Whole-Time Director for 18 Months

AI Summary

Machhar Industries Ltd announced the re-appointment of Mr. Vyankat Waman Katkar as Whole-Time Director for a further period of 18 months, effective from 1st April, 2026 to 30th September, 2027. The decision was made during the Board of Directors meeting held on 31st March, 2026. Mr. Katkar has been serving the company for over a decade and has been instrumental in production and factory operations. His re-appointment is subject to the approval of the shareholders of the Company.

Key Highlights

  • Re-appointment of Mr. Vyankat Waman Katkar as Whole-Time Director for 18 months
  • Mr. Katkar has over a decade of experience in chemical industries
  • His re-appointment is subject to shareholder's approval
  • Board has deferred the proposal for strike off of the Joint Venture Company for a further period of one year
  • Mr. Pradip Patel, Independent Director, has successfully cleared the proficiency test conducted under the Independent Directors Databank