The Board of Directors of PCBL Chemical Limited has approved two key changes: the non-reappointment and subsequent cessation of Mrs. Rusha Mitra as an Independent Woman Director effective April 7, 2026. Concurrently, the Board approved the appointment of Ms. Sneh Lata as an Additional and Non-Executive Independent Woman Director for a term of five years, effective March 26, 2026, pending shareholder approval via Postal Ballot.
Corporate Governance Changes Approved by PCBL Board
PCBL Chemical Limited announced key changes to its Board composition following approvals granted by the Board of Directors. These updates relate to the conclusion of a director’s term and the induction of a new Non-Executive Independent Woman Director.
Cessation of Mrs. Rusha Mitra
The tenure of Mrs. Rusha Mitra (DIN: 08402204), serving as an Independent Woman Director, will conclude upon the completion of her first term on April 7, 2026. Due to existing personal and professional obligations, Mrs. Mitra has chosen not to seek re-appointment.
Consequently, Mrs. Mitra will step down from her roles as Chairperson of the Stakeholders Relationship Committee and the Nomination & Remuneration Committee. She will also cease her membership in both the CSR and Audit Committees. The Board formally recorded its sincere appreciation for her valuable service during her tenure.
Appointment of Ms. Sneh Lata
Based on the recommendation from the Nomination and Remuneration Committee, the Board has approved the appointment of Ms. Sneh Lata (DIN: 11628402). She will join the company as an Additional Director and Non-Executive Independent Woman Director.
- Effective Date: The appointment is effective from March 26, 2026.
- Term: The appointment is for an initial term of five (5) consecutive years.
- Condition: The appointment is subject to ratification by the shareholders through a Special Resolution via Postal Ballot.
Profile of the Appointee
Ms. Sneh Lata is noted as a Principal Associate within the Corporate and Commercial practice group at Khaitan & Co, a prominent law firm. Her specialization includes mergers and acquisitions, private equity, joint ventures, and general corporate advisory, having handled complex domestic and international commercial transactions.
Furthermore, the disclosure confirms that Ms. Sneh Lata is not related to any other Directors of the Company and is not currently debarred from holding a directorial office by any SEBI Order or regulatory authority.
Shareholder Approval Process
Details concerning the required Postal Ballot process, utilizing E-Voting for shareholder approval of Ms. Lata’s appointment, will be provided in due course.
Source: BSE
