
Management Change13 May 2026, 06:51 pm
Sicagen India: Nandakumar Varma Resigns as Whole-Time Director
AI Summary
Mr. Nandakumar Varma resigned from his position as Whole-Time Director of Sicagen India Ltd, effective at the closure of business hours on May 13, 2026, citing personal reasons and other commitments. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, and recommended a 10% equity dividend (₹1 per share) for FY 2025-26, subject to shareholder approval. Mr. Prasanna Joshi was appointed as an additional director and subsequently as a Whole-time Director. Mr. K R Jaikumar was designated as Senior Management Personnel, while Mr. D. Sivakumar ceased to be at SMP level. M/s. Venkatesh & Co. were appointed as Internal Auditors for FY 2026-27.
Key Highlights
- Nandakumar Varma resigned as Whole-Time Director, effective May 13, 2026.
- Prasanna Joshi appointed as additional director and Whole-time Director.
- Board approved audited financial results for the year ended March 31, 2026.
- Equity dividend of 10% (₹1 per share) recommended for FY 2025-26.
- K R Jaikumar designated as Senior Management Personnel (SMP).
Price Impact
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