Shankar Lal Rampal Dye-Chem Limited Approves Key Board Changes and Policies
Shankar Lal Rampal Dye-Chem Limited reported outcomes from its Board meeting held on April 9, 2026. The Board approved several corporate governance updates, including the appointment of a new Independent Director and the reconstitution of key board committees.The Board noted the resignation of Mr. Murli Atal as an Independent Director, effective March 26, 2026.
A significant governance action was the approval for the appointment of Mr. Sumit Jain (DIN: 11490160) as an Additional Director and Independent Director. This appointment is set for a term of 5 consecutive years, commencing from April 9, 2026, up to April 8, 2031, pending shareholder approval.
The company also approved the Postal Ballot Notice to seek shareholder approval for Mr. Jain's appointment. The cut-off date for dispatching the notice was set as April 3, 2026. NSDL and N Mehta & Associates, Practicing CS, have been appointed to manage the voting process.
Committee Reconstitution and Policies
Due to the changes in the Board composition, three critical committees were reconstituted, effective April 8, 2026. These include the Audit Committee, the Nomination and Remuneration Committee, and the Stakeholders' Relationship Committee.The membership details for the reconstituted committees are presented below:
Audit Committee Details
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date Of Appointment | Remarks |
|---|---|---|---|---|---|---|
| 1 | 08150149 | Anil Kumar Kabra | Non-Executive - Independent Director | Chairperson | 30-06-2018 | - |
| 2 | 08150255 | Harsh Kabra | Non-Executive - Independent Director | Member | 09-04-2026 | Member w.e.f 09-04- 2026 |
| 3 | 08467886 | Rekha Rani Naraniwal | Non-Executive - Independent Director | Member | 31-08-2025 | - |
| 4 | 02928254 | Susheel Kumar Inani | Executive Director | Member | 30-06-2018 | - |
Nomination and Remuneration Committee Details
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date Of Appointment | Remarks |
|---|---|---|---|---|---|---|
| 1 | 08150255 | Harsh Kabra | Non-Executive - Independent Director | Chairperson | 30-06-2018 | Chairperson w.e.f 09-04- 2026 |
| 2 | 08150259 | Apoorva Maheshwari | Non-Executive - Independent Director | Member | 30-06-2018 | - |
| 3 | 08150149 | Anil Kumar Kabra | Non-Executive - Independent Director | 08150149 | 09-04-2026 | - |
Stakeholders' Relationship Committee Details
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date Of Appointment | Remarks |
|---|---|---|---|---|---|---|
| 1 | 08150255 | Harsh Kabra | Non-Executive - Independent Director | Chairperson | 30-06-2021 | - |
| 2 | 11490160 | Sumit Jain | Non-Executive - Independent Director | Member | 09-04-2026 | Subject to approval of appointment by shareholders in ensuing General Meeting |
| 3 | 02928272 | Vinod Kumar Inani | Executive Director | Member | 30-06-2021 | - |
In addition to the committee updates, the Board granted Omnibus Approval for all planned Related Party Transactions for the Financial Year 2026-27, provided such transactions remain at arm's length and are in the ordinary course of business.
The Board also reviewed and updated several key statutory policies, including the Vigil Mechanism / Whistle Blower Policy, the Code of Conduct for Board and Senior Management, and the Policy on Materiality of Related Party Transactions.
The meeting commenced at 12:30 PM and concluded at 01:10 PM.
SRD Stock Price Movement
As of 1:24 PM, shares of Shankar Lal Rampal Dye-Chem Limited are slipping by 0.29% in live trading, currently at ₹44.00. Traded volume clocks in at 15,152 shares as the market moves through the afternoon session.Source:
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