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Management Change13 May 2026, 06:52 pm

Sicagen India: Prasanna Joshi Appointed as Whole-Time Director

AI Summary

Sicagen India Ltd announced changes in senior management. Prasanna Joshi has been appointed as an additional director and subsequently as a Whole-time Director, subject to shareholder approval. Nandakumar Varma resigned from the Whole-Time Directorship. The Board recommended a 10% equity dividend (Re. 1 per share) for FY 2025-26, pending shareholder approval. K R Jaikumar was designated as Senior Management Personnel, while D. Sivakumar ceased to be at SMP level. Venkatesh & Co. was appointed as Internal Auditors for FY 2026-27, and J. Karthikeyan & Associates was re-appointed as Cost Auditor, subject to shareholder approval. The board also approved the audited financial results for the quarter and year ended March 31, 2026.

Key Highlights

  • Prasanna Joshi appointed as Whole-time Director, effective May 14, 2026, subject to shareholder approval.
  • Nandakumar Varma resigned from Whole-Time Directorship due to personal reasons.
  • Sicagen recommends a 10% dividend (Re. 1 per share) for FY 2025-26, pending shareholder approval.
  • K R Jaikumar designated as Senior Management Personnel, effective May 13, 2026.
  • Venkatesh & Co. appointed as Internal Auditors for FY 2026-27.