Shankar Lal Rampal Dye-Chem Limited announced the outcome of its Board Meeting held on 9th April, 2026. The Board accepted the resignation of Mr. Murli Atal as an Independent Director, effective 26th March, 2026. Concurrently, the Board approved the appointment of Mr. Sumit Jain as an Additional Director in the capacity of Independent Director for a term of 5 years, commencing from 9th April, 2026, until 8th April, 2031. This appointment is subject to shareholder approval. Following these changes, the Board committees, including the Audit Committee, Nomination and Remuneration Committee, and Stakeholders’ Relationship Committee, have been reconstituted effective 8th April, 2026. The Board also granted omnibus approval for all planned Related Party Transactions for FY 2026-27, ensuring they are at arm's length and within the ordinary course of business. Key statutory policies, including the Vigil Mechanism/Whistle Blower Policy, Code of Conduct, and Policy on Materiality of Related Party Transactions, were reviewed and updated. A Postal Ballot Notice will be issued to seek shareholder approval for Mr. Sumit Jain's appointment. The cut-off date for the notice dispatch is 03rd April, 2026. NSDL and N Mehta & Associates have been appointed as the E-Voting Platform and Scrutinizer, respectively, for the voting process. The Board meeting commenced at 12:30 PM and concluded at 01:10 PM.
