Sanginita Chemicals Limited Announces Major Reshuffle in Board and Key Management
Sanginita Chemicals Limited, formerly known as Sanginita Chemicals Pvt. Ltd., announced significant changes in its leadership structure on June 5, 2026. The company saw several directors resign while simultaneously onboarding new appointments across the board and key managerial roles.The company's board meeting led to the immediate appointment of three new directors: Mr. Anubhav Agarwal, Mr. Gaurav Kumar Tripathi (twice), and the appointment of new key managerial personnel in finance and compliance. Concurrently, multiple existing directors resigned due to change in management.
Board Composition Changes
The appointments made on June 5, 2026 included Mr. Anubhav Agarwal as an Additional Director (Non-Executive Non-Independent). Additionally, two positions were filled by Mr. Gaurav Kumar Tripathi. He was appointed first as an Additional Director (Executive Non-Independent), and subsequently, he was confirmed as a Whole-time Director for a term of three years, effective from June 5, 2026, until June 4, 2029.The company also appointed Mr. Amit Kalra as Chief Financial Officer (CFO) and Key Managerial Personnel, along with Ms. Nidhi Dixit as Company Secretary and Compliance Officer and Key Managerial Personnel.
Director Resignations
Three directors tendered their resignations from the Board of Directors, all effective as of the close of business hours on June 5, 2026, citing change in management:- Mrs. Hansaben Dineshsinh Chavada resigned as a Non-executive Non Independent Director.
- Mr. Vijaysinh Dineshsinh Chavda, a Whole Time Director, tendered his resignation.
- Mr. Dineshsinh Bhimsinh Chavada, a Non-executive Non-Independent Director, also resigned.
Furthermore, Ms. Sangitaben D. Chavda resigned from the position of Chief Financial Officer (CFO), effective immediately due to change in management. She was succeeded by Mr. Amit Kalra.
Leadership and Personnel Details
The board appointments introduced a blend of experience across the newly formed composition. Key profiles include:| Director/Personnel | Role | Appointment Date | Profile Summary |
|---|---|---|---|
| Mr. Anubhav Agarwal | Additional Director (Non-Executive Non-Independent) | June 5, 2026 | MBA-qualified and an award-winning entrepreneur with over 15 years of experience in scaling and transforming businesses. |
| Mr. Gaurav Kumar Tripathi | Additional/Whole-time Director | June 5, 2026 | Seasoned management professional with over 17 years' experience across FMCG, retail, and technology sectors. |
| Mr. Amit Kalra | Chief Financial Officer (CFO) | June 5, 2026 | Qualified Chartered Accountant with 20+ years of experience in corporate finance, budgeting, and compliance. |
| Ms. Nidhi Dixit | Company Secretary & Compliance Officer | June 5, 2026 | Member of the Institute of Company Secretaries of India (Membership No. ACS A32915) with 13 years of experience as Company Secretary and Compliance Officer. |
The appointments of Mr. Anubhav Agarwal, Mr. Gaurav Kumar Tripathi, Mr. Amit Kalra, and Ms. Nidhi Dixit are subject to shareholder approval within three months of the respective appointments.
SANGINITA Stock Price Movement
Today, SANGINITA shares edged higher in post-market trading, closing at ₹31.57 after gaining 1.97%. The stock saw significant activity, recording a total traded volume of 532,623 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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