Khaitan Chemicals & Fertilizers Ltd Approves Re-appointment of Utsav Khaitan as Joint Managing Director
Khaitan Chemicals & Fertilizers Ltd announced a key corporate governance development following its Board of Directors meeting held on April 23, 2026. The Board considered and approved the re-appointment of Mr. Utsav Khaitan as the company's Joint Managing Director (JMD).The re-appointment is set to take effect from May 1, 2026, and remain in place until April 30, 2029. The appointment, however, remains subject to the approval of the company's Shareholders.
The company confirmed that Mr. Utsav Khaitan is not debarred from holding the office of Director by virtue of any order from the Securities and Exchange Board of India (SEBI) or any other authority.
Board Composition and Director Details
The Board of Directors of Khaitan Chemicals & Fertilizers Ltd comprises six members. The current composition is detailed as follows:| S. No. | Name of the Directors | Designation |
|---|---|---|
| 1 | Mr. Shailesh Khaitan | Chairman & Managing Director |
| 2 | Mr. Utsav Khaitan | Joint Managing Director |
| 3 | Mr. Praveen Uniyal | Whole Time Director |
| 4 | Ms. Payal Gupta | Independent Women Director |
| 5 | Mr. Deepak Kumar Khemka | Independent Director |
| 6 | Mr. Suman Jyoti Khaitan | Independent Director |
Key Director Profiles
The company provided detailed information regarding the re-appointment of Mr. Utsav Khaitan. Mr. Utsav Khaitan holds a degree in Economics from New York University. Professionally, he possesses expertise in marketing, consumer behavior analysis, brand development, and digital marketing, utilizing a strategic and data-driven approach to driving business growth.Furthermore, the company disclosed a relationship between the directors: Mr. Shailesh Khaitan, the Chairman & Managing Director, is the father of Mr. Utsav Khaitan.
Regarding his personal holding in the company, Mr. Utsav Khaitan holds 13,439 shares.
KHAICHEM Stock Price Movement
Khaitan Chemicals & Fertilizers Limited shares today slipped by 0.73% to settle at ₹62.66. Trading activity was robust across the session, with the stock moving through a total volume of 1.94 million 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.
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