StockWatch
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Commodity Chemicals
Management Change1 Oct 2026, 05:30 pm

National Peroxide Ltd: CEO & Whole-Time Director Resigns, Successor Appointed

AI Summary

National Peroxide Limited announced changes in its top management. Mr. Rajiv Arora has resigned as Whole-Time Director & CEO, effective November 2, 2026, to facilitate an orderly transition. The Board has approved the appointment of Mr. Vinay Divakar Jayade as the new Chief Executive Officer and Whole-Time Director, effective November 3, 2026, for a term of 5 years, subject to shareholder approval. Mr. Jayade will serve as Designate CEO & Director from October 1, 2026, working closely with Mr. Arora during the transition period. Mr. Jayade is not debarred from holding a director's office by any regulatory authority.

Key Highlights

  • Rajiv Arora resigns as CEO & Whole-Time Director.
  • Vinay Divakar Jayade appointed as new CEO & Whole-Time Director.
  • Jayade's appointment is for 5 years, subject to shareholder approval.
  • Transition period for smooth handover of responsibilities.
  • No regulatory debarment for the appointed CEO.