IG Petrochemicals Announces Management Changes with Reappointment of Executive Director and Appointment of New CHRO
IG Petrochemicals Limited announced significant changes to its senior management structure following a Board meeting held on May 18, 2026. The board meeting included the re-appointment of Shri Sagar Jadhav as Executive Director and the appointment of Shri Pramod Sanap as Chief Human Resources Officer (CHRO).During the board meeting, the company's directors took action regarding key personnel. Shri Sagar Jadhav was re-appointed as the Executive Director for a period of three years, effective from July 1, 2026.
Simultaneously, the company accepted the resignation of Dr. Rajkumar VP from his role as Chief Human Resources Officer, effective May 18, 2026. The departure comes after Dr. Rajkumar VP indicated his intention to pursue other professional opportunities.
To fill the vacancy and strengthen its human resources leadership, the company appointed Shri Pramod Sanap as the new Chief Human Resources Officer and Senior Management Personnel. This appointment was effective from May 19, 2026.
The company provided details regarding the appointments, resignations, and profiles of the involved executives.
| Particulars | Shri Sagar Jadhav | Dr. Rajkumar VP | Shri Pramod Sanap |
|---|---|---|---|
| Reason for Change | Re-appointed as Executive Director | Resigned as Chief Human Resources Officer | Appointed as Chief Human Resources Officer |
| Effective Date | W.e.f. 1st July, 2026 | W.e.f. 18th May, 2026 | W.e.f. 19th May, 2026 |
| Profile Highlights | Has done B.E. Chemical from Pune University and possesses over 30 years of experience in managing the Chemical Industry, with expertise in Safety, health, environment, project planning and control, and cost optimization. | N.A. | Holds a Master's Degree in Labour Studies from Mumbai University and has over 18 years of experience in Human Resources and Employee Relations. Previous senior roles include Senior Vice President - HR & ER at Laxmi Organic Industries Limited, Hindustan Unilever Limited, AkzoNobel India Limited, and Diageo India. |
IGPL Stock Price Movement
On Monday, IG Petrochemicals Limited shares edged higher, gaining 3.28% to settle at ₹446.05. The stock spent the session with a traded volume of 48,767 shares.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.