Manali Petrochemicals announces CFO change, independent director appointment

Manali Petrochemicals Limited announced on October 3, 2025, that Ms. K Lalitha has ceased to be the chief financial officer, SMP, and KMP, effective immediately, following her resignation. The company confirmed there are no other material reasons for her departure. Simultaneously, Ms. Srishti M Bathija has been appointed as the new chief financial officer – MPL Group, also effective October 3, 2025. Ms. Bathija, a qualified chartered accountant and CFA Level I, brings over a decade of professional experience in strategic finance and M&A.

In a separate development, Mr. Anand Raghavan was appointed as an additional director under the non-executive independent category for a five-year term, effective October 3, 2025, subject to shareholder approval. Mr. Raghavan, a chartered accountant with a bachelor's degree in commerce from the University of Madras, has over 39 years of experience in the financial sector. The company confirmed that neither appointee is related to any existing directors.

These decisions were made during a board meeting held on October 3, 2025, based on recommendations from the Nomination & Remuneration Committee and Audit Committee. A postal ballot will be initiated to seek shareholder approval for Mr. Raghavan's appointment.