Management Change20 May 2026, 06:31 pm
Oriental Aromatics: Deepak Ramachandra Resigns as Director
AI Summary
Oriental Aromatics Ltd announced the resignation of Mr. Deepak R. Ramachandra (DIN:10633078) as a Non-Executive Independent Director, effective May 21, 2026. The company confirmed that there are no material reasons for his resignation beyond those stated in his resignation letter. The Board of Directors also approved the appointment of Mr. John Gloster (DIN: 02421071) as an Additional Director (Non-Executive, Independent) with effect from May 20, 2026, subject to shareholder approval at the upcoming AGM. Additionally, the board recommended a dividend of ₹0.5 per equity share.
Key Highlights
- Deepak R. Ramachandra resigned as Non-Executive Independent Director, effective May 21, 2026.
- John Gloster appointed as Additional Director (Non-Executive, Independent) from May 20, 2026.
- Board recommends a dividend of ₹0.5 per equity share for FY 2025-26.
- Record date for dividend entitlement is August 5, 2026, subject to shareholder approval.
- Audited standalone and consolidated financial results for the year ended March 31, 2026, were approved.
Price Impact
More from OAL