Lakhotia Polyesters (India) Ltd Announces Board Changes with Appointment of New Independent Director
Lakhotia Polyesters (India) Limited has announced a significant change in its board composition following a meeting held on July 17, 2026. The company confirmed the appointment of Ms. Kajal Dubey as an Additional Director and the resignation of Mr. Nikunj Shrawan Bihani from his position as Non-Executive Independent Director.The appointment of Ms. Kajal Dubey was made based on the recommendation of the Nomination and Remuneration Committee. She joins the board in the capacity of Non-Executive Independent Director for a tenure of five consecutive years. The appointment is subject to the approval of the members of the company and she is not liable to retire by rotation.
Ms. Kajal Dubey holds an MBA in Finance and brings expertise in corporate governance, financial management, risk assessment, and strategic planning. The company confirmed that she is not related to any other directors of the firm and is not debarred from holding directorial positions by any authority.
Simultaneously, Mr. Nikunj Shrawan Bihani has resigned from his role as Non-Executive Independent Director, effective July 17, 2026. In his resignation, Mr. Bihani cited pre-occupation and personal unavoidable circumstances as the reasons for stepping down. He also stepped down from his position as a Member/Chairman of a Committee of the Board.
The details of the board changes are summarized in the table below:
| Particulars | Ms. Kajal Dubey (Appointed) | Mr. Nikunj Shrawan Bihani (Resigned) |
|---|---|---|
| Role | Non-Executive Independent Director | Non-Executive Independent Director |
| Effective Date | July 17, 2026 | July 17, 2026 |
| Tenure/Status | 5 consecutive years | Resigned due to personal circumstances |
| Professional Background | MBA in Finance; expertise in corporate governance and financial management | Not applicable |
| Relationship Disclosure | Not related to any other directors | Not applicable |
Stock Price Movement
Lakhotia Polyesters (India) Ltd shares rallied 1.42% today to settle at ₹63.00. The stock saw steady action throughout the session, fluctuating between a low of ₹62.00 and a high of ₹64.00.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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