Mangalam Organics Announces Leadership Transitions and Key Appointments

Mangalam Organics Announces Leadership Transitions and Key Appointments​

Mangalam Organics Ltd has announced significant leadership changes following its Board meeting held on June 23, 2026, including the retirement of a long-serving executive and the subsequent appointments of new Chief Financial Officer (CFO) and specialized auditors.

The company confirmed that Mr. Shrirang V. Rajule will retire from his positions as Chief Financial Officer and Key Managerial Personnel. His cessation will be effective from the close of business hours on June 30, 2026, after attaining the age of retirement prescribed by the company. The management extended sincere appreciation for his valuable contribution and dedicated service to the organization throughout his long association.

New CFO Appointment​

In response to Mr. Rajule’s retirement, the Board approved the appointment of Mr. Manoj Mhapadi as the new Chief Financial Officer and Key Managerial Personnel of the company. This appointment is effective from July 01, 2026.

Mr. Manoj Mhapadi brings extensive experience to the role, holding a degree as a Chartered Accountant. He has over 20 years of experience across accounting, taxation, auditing, commercial operations, systems development/MIS, fund sourcing, and budgetary control. Prior to this appointment, he served as the Head of Finance for ten years at Mangalam Organics, possessing deep industry expertise in the chemical sector.

Concurrently with the appointment of Mr. Mhapadi, the Board also approved his designation as the Deputy Nodal Officer of the company for matters related to the Investor Education and Protection Fund (IEPF), effective July 1, 2026.

Audit and Cost Auditor Appointments​

The company also made several appointments regarding its financial oversight functions:

• Internal Auditor: Mr. Vilaskumar Vaghela was appointed as the Internal Auditor for the Financial Year 2026-27, following recommendations from the Audit Committee. Mr. Vaghela is a Chartered Accountant with over two decades of expertise in finance, accounting, taxation, internal controls and compliance.
• Cost Auditor: M/s NKJ & Associates was appointed as the Cost Auditor for the Financial Year 2026-27. The firm, established in 2012, is led by Mr. Naresh Jethwani, who holds over three decades of experience in finance and cost accounting.

Key details regarding the appointments are summarized below:

MANORG Stock Price Movement​

Today, Mangalam Organics Limited shares edged higher to settle at ₹576.30 after gaining 0.85% in post-market trading. The stock traded within a tight intraday range, which stretched from a low of ₹560.1 to an intraday high of ₹589.8, with 4,939 shares being transacted.