Management Change7 Aug 2026, 12:12 pm
Makers Laboratories: Saahil Parikh transitions to Non-Executive Director
AI Summary
Makers Laboratories Ltd. announced a change in directorship for Mr. Saahil Parikh. His term as Whole-time Director/CEO concludes on August 10, 2026, and he will not seek re-appointment due to personal and professional reasons. He has agreed to continue as a Non-Executive, Non-Independent Director from August 11, 2026, subject to shareholder approval. The company also disclosed its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The board composition and committees, including the Stakeholders Relationship Committee and Risk Management Committee, have been reconstituted to reflect this change.
Key Highlights
- Mr. Saahil Parikh transitions from Whole-time Director to Non-Executive Director.
- The change is effective August 11, 2026, pending shareholder approval.
- Mr. Parikh cited personal and professional reasons for not seeking re-appointment.
- Board composition and committees have been reconstituted.
- Unaudited financial results for Q1 FY27 were also disclosed.
Price Impact
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