StockWatch
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Specialty Chemicals
Management Change14 Aug 2026, 02:27 pm

DCM Shriram Fine Chemicals MD & CEO Resigns

AI Summary

DCM Shriram Fine Chemicals Ltd announced the resignation of Mr. Akshay Dhar as Managing Director & CEO, effective August 14, 2026. The company stated that Mr. Dhar's resignation is to allow him to focus on leading new projects and expansion initiatives. Concurrently, the board approved the appointment of Mr. Rakesh Malhotra as an Additional Director (Non-Executive Independent) and Mr. Rudra Shriram as an Additional Director and Managing Director, both effective August 15, 2026, subject to member approval. The board also approved the unaudited financial results for the quarter ended June 30, 2026.

Key Highlights

  • Akshay Dhar resigns as MD & CEO effective August 14, 2026.
  • Resignation allows focus on new projects and expansion.
  • Rakesh Malhotra appointed Non-Executive Independent Director.
  • Rudra Shriram appointed as new MD for five years.
  • Unaudited financial results for Q1 FY27 approved.