Management Change7 Aug 2026, 12:03 pm
Makers Laboratories: Saahil Parikh steps down as Whole-time Director/CEO
AI Summary
Makers Laboratories Ltd. announced the outcome of its Board Meeting held today. The board took on record the Unaudited Standalone and Consolidated Financial Results for the 1st Quarter ended 30th June, 2026. Additionally, Mr. Saahil Parikh will be stepping down as Whole-time Director/CEO on August 10, 2026, due to personal and professional reasons. He will continue to serve as a Non-Executive, Non-Independent Director from August 11, 2026, subject to shareholder approval. The board and its committees have been reconstituted following this change.
Key Highlights
- Unaudited financial results for Q1 FY27 declared.
- Saahil Parikh resigns as Whole-time Director/CEO.
- Parikh to continue as Non-Executive, Non-Independent Director.
- Board and committee compositions have been revised.
- Appointment as Non-Executive Director is subject to shareholder approval.
Price Impact
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