StockWatch
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Pesticides & Agrochemicals
Quarterly Result28 May 2026, 10:05 pm

IIL Board Approves FY26 Results, ESPS, New Whole-Time Director Appointed

AI Summary

Insecticides (India) Limited's Board approved its Audited Financial Results for the Quarter and Year ended March 31, 2026, with an unmodified opinion from joint statutory auditors. The Board also approved the formulation of an Employee Stock Purchase Scheme (ESPS) 2026, allowing for the issuance of up to 2,00,000 equity shares, subject to shareholder approval. This scheme includes a one-year lock-in period and is available to subsidiary employees. Additionally, Mrs. Nikunj Aggarwal resigned as Whole Time Director, and Mr. Sanskar Aggarwal was appointed as Whole Time Director (Additional) for five years, effective May 28, 2026. Mr. Atul Kumar was also appointed as Vice President-Sales (North).

Key Highlights

  • Board approved Audited Financial Results for FY26 with unmodified opinion.
  • Employee Stock Purchase Scheme 2026 for 2 lakh shares approved, pending shareholder vote.
  • Mrs. Nikunj Aggarwal resigned; Mr. Sanskar Aggarwal appointed Whole Time Director.
  • Mr. Atul Kumar appointed as Vice President-Sales (North).