Vital Chemtech Limited Announces CFO Appointment Amid Board Meeting and Unaudited Q1 Results

Vital Chemtech Limited Announces CFO Appointment Amid Board Meeting and Unaudited Q1 Results​

Vital Chemtech Limited reported its unaudited standalone and consolidated financial results for the quarter ended on June 30, 2026. The company also confirmed a change in key managerial personnel following a board meeting held on August 14, 2026.

The Board of Directors reviewed the Q1 performance alongside other critical corporate developments, including the appointment of Mr. Jitendra Raval as the new Chief Financial Officer (CFO). Concurrently, the company recorded the resignation of Mr. Vipul Bhatt from his CFO role, effective August 14, 2026.

Mr. Vipul Bhatt will continue to serve the company in his capacity as Chairman and Managing Director following his transition out of the CFO position.

Financial Results Overview (Q ended June 30, 2026)​

Vital Chemtech Limited’s unaudited financial results for the quarter reflected performance across both standalone and consolidated entities. The figures are presented below (in Lakhs):

New CFO Appointment Details​

The Board of Directors approved the appointment of Mr. Jitendra Raval as Chief Financial Officer, effective August 15, 2026. The company noted that this appointment was made based on the recommendation of the Nomination and Remuneration Committee and the Audit Committee.

Mr. Raval brings extensive experience to the role. He is a Chartered Accountant with 25 years of experience in Finance, Accounts, Audit, Income Tax, GST, ERP implementation, and corporate financial management. Specifically, he has 15 years of specialized exposure within the Chemical Industry, covering manufacturing finance, financial reporting, taxation, internal controls, and business processes. His professional history includes working with Meghmani Group, Allchem Lifescience Limited, and Aarvee Denims and Exports Limited.

Resignation of CFO​

Mr. Vipul Bhatt tendered his resignation from the office of Chief Financial Officer (CFO) effective August 14, 2026. This change was attributed to the proposed appointment of a new professional as CFO. Mr. Bhatt confirmed that there were no other material reasons for his resignation aside from this transition.

Board Addresses Regulatory Fine​

The Board meeting also addressed a notice received from the National Stock Exchange of India Limited concerning a fine imposed on the company, amounting to ₹11,800 (inclusive of GST). The fine was levied for a delay in providing prior intimation about a previous Board meeting held on May 29, 2026.

The Board took note of the fine and acknowledged that the one-day delay was due to an intervening Stock Exchange holiday, which was inadvertently overlooked during the submission process. Management was advised to take measures to prevent similar incidents in the future.

VITAL Stock Price Movement​

The stock rallied in post-market trading today, closing up 1.77% to settle at ₹54.50. Trading concluded with a recorded volume of 6,000 shares during the session.