Independent Director resigns; Bhupeshkumar Parikh appointed Additional Director for a 5-year term
Board change: Mr. Chandresh Madhubhai Unagar, Non-Executive Independent Director, resigned effective 02nd November 2026.
By ScoutQuest · · 2 min read
- Resignation Effective Date
- 02nd November 2026
- Appointment Term
- 5 (Five) years, from 02nd November 2026 to 1st November 2031
- New Director Experience
- 36 years of service at SUMUL Dairy, a unit of GCMMF (AMUL)
Two changes to the Board of Directors, both effective 02nd November 2026.
The company informed the stock exchange of these changes under the change in management disclosure.
Resignation
- Mr. Chandresh Madhubhai Unagar (DIN – 10482172), Non-Executive Independent Director, tendered his resignation from the Board with effect from 02nd November 2026.
- His letter is dated 28th October, 2026, and the stated reason is his professional reasons.
Appointment
- Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Mr. Bhupeshkumar Vrajnathdas Parikh (DIN: 11956163) as an Additional Director, in the capacity of Non-Executive Independent Director, with effect from 02nd November 2026.
- The appointment is for a consecutive term of 5 (Five) years, running from 02nd November 2026 to 1st November 2031.
- It is subject to the approval of the shareholders of the company and such other applicable approvals as may be required.
Profile of the new director
- Mr. Bhupesh Parikh, aged 58, is a dairy and food industry professional with 36 years of service at The Surat-Tapi District Co-operative Milk Producers' Union Ltd. (SUMUL Dairy), a unit of GCMMF (AMUL), where he rose to General Manager.
- He progressed from Technical Officer, handling Laboratory, Dairy Plant and Chilling Centre operations, to senior leadership roles covering Human Resource Development, Purchase & Stores, and Sales & Marketing.
- He holds an MBA from the Institute of Rural Management, Anand (IRMA).
- There are no inter-se relations between him and the other members of the Board.
What investors can take away
- An independent director seat that fell vacant is being filled on the same date, with the new appointee drawn from the dairy and food processing sector rather than, for instance, finance or commodities trading.
- The appointment is an additional-director appointment valid for a fixed term, and it takes full effect only after shareholders approve it.
- The resignation is attributed to the outgoing director's professional reasons, and the exchange intimation carries no other stated cause.
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More numbers
- Term of appointment of new independent director5 (Five) years
- Age of appointed director58
- Years of service at SUMUL Dairy (AMUL)36 years
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