Deepak Fertilisers and Petrochemicals Corporation Limited has announced the reappointment of Mr. Sujal Anil Shah as an Independent Director for a second term. This decision, taken at the Board of Directors meeting on March 26, 2025, comes based on the recommendation of the Nomination and Remuneration Committee. Mr. Shah, a practicing Chartered Accountant with over three decades of experience, will serve another five-year term starting from June 30, 2025, subject to the approval of shareholders through a postal ballot.
Mr. Shah has a notable background in corporate consultancy, financial valuation, mergers, and acquisitions, and has played a key role in drafting valuation standards for the Institute of Chartered Accountants of India (ICAI). The company has confirmed that Mr. Shah is not debarred by SEBI or any other authority from holding the office of Director.
Summary in Points: • Reappointment Date: March 26, 2025
• Director’s Name: Mr. Sujal Anil Shah
• Term: Second five-year term starting June 30, 2025
• Position: Independent Director
• Approval Process: Shareholder approval through postal ballot
• Professional Background: Chartered Accountant with expertise in corporate consultancy, mergers, and valuations
• No Debarment: Confirmed by SEBI and other authorities
Effect on Share Market: The reappointment of a seasoned professional like Mr. Sujal Shah is expected to positively influence investor confidence, signaling strong leadership and corporate governance within Deepak Fertilisers. Investors may view this move as a step toward enhanced financial and operational oversight, leading to a stable outlook for the company in the stock market.
Company Overview: Deepak Fertilisers and Petrochemicals Corporation Ltd. is one of India’s leading producers of fertilizers and industrial chemicals. The company has a diversified portfolio in sectors such as petrochemicals, fertilizers, and real estate. With over four decades of experience, Deepak Fertilisers continues to focus on sustainable growth and innovation, maintaining a leadership position in its industries.
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