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Chemiesynth (Vapi) informs about reappointment of managing director

07 Apr 2025 Evaluate

Pursuant to Regulation 30 of the Listing (Obligations & Disclosure Requirements) Regulations, 2015, Chemiesynth (Vapi) has informed that the Board of Directors (on the recommendation of the Nomination and Remuneration Committee), approved the re-appointment of Sandip S Zaveri as Managing Director of the Company for a period of 5 years commencing from 01st October, 2024 to 30th September, 2029 subject to approval of the members. The existing term of appointment of Sandip S Zaveri expired on 30th September, 2024. Sandip Zaveri has been director of the company since 30th June 2001 and having 19 years of industry experience in the field of Chemical Manufacturing and Chemical Business development. He has degree in BE, MS Chemical Engineering from Stevens Institute of Technology. He has excellent grasp and thorough knowledge and experience of not only engineering and technology but also of general management. The Board of Directors is of the considered opinion that for smooth and efficient running of the business, the services of Sandip Zaveri should be availed for the Company for a period of further five years with effect from 01st October, 2024. None of the directors except Sandip Zaveri and Satish Zaveri (being relative of Sandip Zaveri) is concerned or interested in this resolution. The Board commends the resolution for approval of the members. The disclosures required under Regulation 30 of the Listing Regulations read with SEBI Circular CIR/CFD/CMD/4/2015 dated 9th September, 2015 with respect to re-appointment of Sandip Zaveri are enclosed as ‘Annexure A’. The Board Meeting held on 30th September 2024 Started at 2:00 pm and concluded at 3:00 pm today

The above information is a part of company’s filings submitted to BSE.

Chemiesynth (Vapi) Share Price

50.40 0.00 (0.00%)
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