Deepak Nitrite has announced a significant restructuring of its leadership team, effective throughout 2026. The board has approved the elevation of Shri Maulik Mehta and the appointment of Shri Meghav Mehta as Deputy Managing Directors. Additionally, the company has re-appointed Shri Sanjay Upadhyay as Director (Finance) & Group CFO and brought on two new Independent Directors, Shri Milin Mehta and Shri Adnan Ahmad, to strengthen corporate governance and strategic oversight.
Strategic Leadership Elevation
In a major move to bolster its executive team, Deepak Nitrite has announced the elevation of Shri Maulik Mehta to the position of Deputy Managing Director, effective May 9, 2026, for a five-year term. Joining him in the same capacity is Shri Meghav Mehta, whose appointment also commences on May 9, 2026, for a five-year period. These appointments signify the company’s commitment to long-term leadership stability and operational growth.
Financial and Independent Oversight
The company has also prioritized strong financial management by re-appointing Shri Sanjay Upadhyay as Director (Finance) & Group CFO. His new term is set to begin on August 1, 2026, spanning five years. Mr. Upadhyay, who has been with the organization since 1994, will continue to lead the group’s financial strategy, risk management, and capital allocation.
Board Expansion with New Independent Directors
To further enhance the diversity and expertise of the Board, Deepak Nitrite has appointed Shri Milin Mehta and Shri Adnan Ahmad as Independent Directors. Both individuals bring extensive industry experience and strategic advisory skills to the company. Their terms are each slated for three consecutive years, beginning August 7, 2026. These appointments are subject to the approval of shareholders at the company’s upcoming Annual General Meeting.
Source: BSE
