<h1>Apcotex Industries Approves Reappointment of Executive Director Ravishankar Sharma and Continuation of Atul Choksey's Directorship</h1>
Apcotex Industries Limited announced that its shareholders approved several key items of business during the 40th Annual General Meeting held on Thursday, June 25, 2026. The meeting, which was conducted through Video Conferencing (VC) / Other AudioVisual Means (OAVM), saw the re-appointment of Mr. Ravishankar Sharma as an Executive Director and confirmed the continuation of Mr. Atul Choksey's directorship as a Non-Executive Non-Independent Director and Chairman.
The details relating to these executive appointments and continuations were made public following the general meeting.
Details on Mr. Ravishankar Sharma’s Reappointment
Mr. Ravishankar Sharma, who previously served in an Executive Director capacity until April 30, 2026, has been re-appointed for a further term of two years. This appointment solidifies his role within the company's leadership team.The details regarding the re-appointment include:
| Particular | Details |
|---|---|
| Reason for Change | The present term ended on April 30, 2026. He has been re-appointed for a further term of two years. |
| Term of Appointment | Effective from May 1, 2026, to April 30, 2028. |
| Profile Highlights | Mr. Ravishankar Sharma is a Chemical Engineer (Laxminarayan Institute of Technology, Nagpur, passed out in 1988). He holds a PGDBM from Goa Institute of Management, Goa (Executive MBA) completed in 2009. His professional experience spans over 35 years across Production, Projects, Specialty Chemicals and Manufacturing areas. |
Mr. Atul Choksey’s Directorship Continuation
The meeting also approved the continuation of directorship for Mr. Atul Choksey as a Non-Executive Non-Independent Director (designated as Chairman). The decision was made following the attainment of the age of 75 years, maintaining the terms stipulated under Regulation 17(1A) of SEBI LODR Regulations, 2015.Mr. Choksey possesses an extensive background in the chemical industry and has held numerous high-level positions both within companies and advisory roles. Key professional details about Mr. Atul Choksey are provided below:
| Aspect | Details |
|---|---|
| Reason for Continuation | Continuation of directorship after attaining the age of 75 years. |
| Early Career | A Chemical Engineer from the Illinois Institute of Technology, Chicago, USA. He joined Asian Paints (India) Limited in 1973 and was appointed as a Whole-time Director starting May 1979. |
| Leadership Roles | Mr. Choksey served as the Managing Director of Asian Paints Limited from April 1984 to August 1997. |
| Board and Advisory Roles | He has served on the Boards of Marico Limited, Finolex Cables Limited, Blue Star India Ltd., and the Asian Board of the Wharton Business School. His affiliations include serving as President of the Indian Paint Association and Bombay Chamber of Commerce and Industry (BCCI), and holding the position of Deputy President of the Associated Chamber of Commerce and Industry of India. |
| Current Roles | He is a member of Young Presidents Organization (YPO) and currently serves as a Trustee of Shree Mahalakshmi Temple Trust in Mumbai. |
The board members’ relationships were disclosed, noting that Mr. Atul Choksey is related to Mr. Amit Choksey and Mr. Abhiraj Choksey.
APCOTEXIND Stock Price Movement
Apcotex Industries Limited shares shed 3.61% on Thursday, settling at ₹511.85 after trading in the market. The stock saw a volume of 152,003 shares during the session as the equity closed below its previous close.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.