Business Update27 May 2026, 04:26 pm
Hikal Appoints Ravi Khadabadi as President; Corrects Irregularities
AI Summary
Hikal Ltd announced the appointment of Mr. Ravi Khadabadi as President-Crop Protection & Specialty Chemicals, effective May 27, 2026. The company also addressed previous disclosure regarding revenue recognition irregularities as of September 30, 2025. An external review found irregularities limited to preponement of genuine sales. Corrective actions were implemented, and the involved employees were relieved from their services. The company concludes that there is no impact of this matter on the current or previous periods.
Key Highlights
- Ravi Khadabadi appointed as President-Crop Protection & Specialty Chemicals.
- Appointment effective May 27, 2026, following board approval.
- Review reveals revenue irregularities limited to preponement of sales.
- Corrective actions implemented; involved employees relieved from services.
- No impact on current or previous periods due to the irregularities.
Price Impact
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