Sudarshan Chemical: General Counsel & Company Secretary Mandar Velankar Resigns
Mr. Mandar Velankar has resigned as General Counsel, Company Secretary, Compliance Officer, and Nodal Officer of Sudarshan Chemical Industries Limited, effective September 1, 2026. He also ceases to be Key Managerial Personnel. The company is seeking a successor.
The resignation of a General Counsel and Company Secretary can have a moderate impact on corporate governance and operational continuity until a successor is appointed.
The resignation of a key managerial personnel is a routine event and does not inherently suggest positive or negative performance or outlook for the company.
Sudarshan Chemical Industries Limited has announced the resignation of Mr. Mandar Velankar from his positions as General Counsel and Company Secretary, Compliance Officer, and Nodal Officer. This resignation is effective from the close of business hours on Tuesday, 1st September 2026.
As a consequence of his resignation, Mr. Velankar has also ceased to be a Key Managerial Personnel and Senior Management Personnel of the company. He is no longer authorized to determine the materiality of information or make disclosures as per Regulation 30(5) of SEBI Listing Regulations. The company has expressed its appreciation for his contributions during his tenure and is in the process of filling the vacancy. Details of his successor will be communicated once an appointment is made.
Mr. Velankar held 6,581 fully paid-up equity shares of the company, which includes 3,579 shares allotted on 28th August 2026 under the ESOP Plan, pending listing.
A plain-language summary of a public exchange filing by Sudarshan Chemical Industries Limited. Read the original for the full detail.