Shareholders approve re-appointment of three directors at 60th AGM
Mrs. Asha M. Khatau, Non-Executive Director, retiring by rotation.
By ScoutQuest · · 1 min read
- Mrs. Asha M. Khatau
- Re-appointed as Non-Executive Director, retiring by rotation
- Mr. Arupkumar Basu
- Re-appointed as Managing Director for 3 years from September 29, 2026 to September 28, 2029
- Mr. Manish M. Khatau
- Re-appointed as Whole-time Director for 3 years from March 01, 2027 to February 28, 2030
- AGM Date
- September 24, 2026
- Leadership Status
- Continuity in existing leadership; no new faces
What was approved
At the 60th Annual General Meeting held on Thursday, September 24, 2026 through video conferencing, shareholders approved three director re-appointments. The meeting began at 2:00 p.m. IST and ended at 03:02 p.m. IST.
- Mrs. Asha Mahendra Khatau — re-appointed as Non-Executive Director, retiring by rotation. B.A. graduate with over 30 years of experience in general management as consultant and advisor. She is the spouse of Mr. Mahendra K. Khatau, Chairman and Managing Director, and mother of Mr. Manish M. Khatau, Whole-time Director.
- Mr. Arupkumar Basu — re-appointed as Managing Director for three consecutive years, from September 29, 2026 to September 28, 2029. B.Tech in Chemical Engineering from IIT Bombay with a postgraduate management degree from IIM Ahmedabad, and more than 40 years of experience in management, administration and policy formulation. No relationship with other directors.
- Mr. Manish M. Khatau — re-appointed as Whole-time Director for three consecutive years, from March 01, 2027 to February 28, 2030. B.B.A. graduate from American Intercontinental University of London with over 17 years of experience in the industry. He is the son of the Chairman and Managing Director and of Mrs. Asha M. Khatau.
How to read this
These are re-appointments of people already in office, not new hires or exits. Each of the three has confirmed they are not debarred from holding directorship by any SEBI or other authority order. The fixed three-year terms for the Managing Director and the Whole-time Director give visibility on leadership continuity.
Two of the three are family members of the Chairman and Managing Director, which the company has disclosed — a promoter-family presence on the board is a normal feature to note when assessing board composition.
Also from Indokem
Board meeting on 2 November 2026 to consider Q2 and H1 results; trading window closed
23 Oct 2026
More numbers
- Term of Managing Director re-appointmentthree consecutive years
- Term of Whole-time Director re-appointmentthree consecutive years
- Mrs. Asha M. Khatau experienceover 30 years
- Mr. Arupkumar Basu experiencemore than 40 years
- Mr. Manish M. Khatau experienceover 17 years
- Directors re-appointed3
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