Haryana Leather Chemicals Limited announced that its Board of Directors has approved the continuation of Mr. Pankaj Jain as Chairman & Managing Director. This decision allows Mr. Jain to continue in his roles even after attaining the age of 70 years, subject to shareholder approval at the upcoming Annual General Meeting. Mr. Jain is not debarred from holding directorships by any regulatory authority.
Board Approves Leadership Continuation
The Board of Directors of Haryana Leather Chemicals Limited, in a meeting held on 08th August, 2026, has transacted key business concerning leadership continuity. A significant resolution passed by the board is the approval for the continuation of Mr. Pankaj Jain (DIN: 00206564) as Chairman & Managing Director of the company. This approval is pertinent as Mr. Jain is set to attain the age of 70 years.
Shareholder Approval Required
The continuation of Mr. Pankaj Jain’s directorship, specifically in his roles as Chairman & Managing Director, is subject to the approval of the company’s members. This will be sought through a Special Resolution at the ensuing Annual General Meeting. The board’s decision follows a recommendation from the Nomination and Remuneration Committee, acknowledging Mr. Jain’s leadership and contributions to the company’s growth.
Leadership Profile
Mr. Pankaj Jain, currently aged 69, is the Managing Director of the Company and is liable to retire by rotation. His role as Chairman & Managing Director is a pivotal one, having led the conceptualization and establishment of Haryana Leather Chemicals Limited. Under his stewardship, the company has achieved significant growth and diversification, establishing a global presence. His dedication is noted as instrumental in developing the organization’s structure and control systems. Furthermore, it is confirmed that Mr. Pankaj Jain is not debarred from holding the office of Director by any order from the Securities and Exchange Board of India or any other relevant authority.
Source: BSE
