Sudarshan Chemical Industries Announces Resignation of General Counsel & Company Secretary
Mr. Mandar Velankar has resigned as General Counsel, Company Secretary, Compliance Officer, and Nodal Officer of Sudarshan Chemical Industries, effective September 1, 2026. He also ceases to be Key Managerial and Senior Management Personnel. The company is seeking a replacement.
The resignation of a General Counsel and Company Secretary can have a medium-term impact on corporate governance and compliance functions until a suitable replacement is found.
The resignation of a key management personnel is a routine event and does not inherently carry a positive or negative financial implication for the company without further context on the successor or the reasons for departure.
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, September 1, 2026, after he served his notice period as per company policy.
As a consequence of his resignation, Mr. Velankar has also ceased to be a Key Managerial Personnel and Senior Management Personnel of the company. Furthermore, he is no longer the official authorized to determine the materiality of information and make timely disclosures as per Regulation 30(5) of SEBI Listing Regulations, 2015.
The company expressed its appreciation for Mr. Velankar's contributions during his tenure. Sudarshan Chemical Industries is currently in the process of filling the resulting vacancy and will provide details of the successor once an appointment is made. Mr. Velankar holds 6,581 fully paid-up Equity Shares of the Company, including 3,579 shares allotted on August 28, 2026, under the ESOP Plan, which are currently pending listing.
A plain-language summary of a public exchange filing by Sudarshan Chemical Industries Limited. Read the original for the full detail.