Members approve board changes: founder moves to Chairman, son becomes Managing Director

Shareholders approved leadership changes at the meeting held on September 29, 2026.

Wed 30 Sep 2026

Meeting Date

September 29, 2026

Krishnamurthy Ganesan Re-designation

Managing Director to Chairman, effective November 01, 2026

Prashant Krishnamurthy Re-designation

Executive Director to Managing Director, effective November 01, 2026

Dr. Bhagirath Choudhary Appointment

Regularized as Independent Director, 1st term of 3 years from August 25, 2026

Independent Director Re-appointments

Dr. Gopal Krishna Raju and Dr. Charudatta Digambar Mayee for 2nd terms of 3 years from December 11, 2026

What was approved

The members of the company, acting on recommendations of the Board and the Nomination and Remuneration Committee, passed resolutions at their meeting held on Tuesday, September 29, 2026 at 11:00 A.M.

Leadership succession

• Mr. Krishnamurthy Ganesan re-designated from Managing Director to Chairman, liable to retire by rotation, with effect from November 01, 2026. He holds a postgraduate degree in Chemistry from Madras University and has over four decades of experience in the agrochemical industry; he co-founded Mahamaya Lifesciences in 2002.
• Mr. Prashant Krishnamurthy, Executive Director, re-designated as Managing Director, not liable to retire by rotation, with effect from November 01, 2026. He holds a Master's degree from the University of Warwick, UK, and has over a decade of experience in the agrochemical industry, overseeing international business operations and domestic marketing.
• The update discloses that Mr. Prashant Krishnamurthy is the son of Mr. Krishnamurthy Ganesan and Mrs. Lalitha Krishnamurthy.

Independent directors

• Dr. Bhagirath Choudhary regularized and appointed from Additional Director to Independent Director (Non-Executive), not liable to retire by rotation, for a 1st term of three consecutive years with effect from August 25, 2026. He is Founder Director of the South Asia Biotechnology Centre, an agricultural engineer with over 25 years of experience.
• Dr. Gopal Krishna Raju re-appointed as Independent Director for a 2nd term of three years with effect from December 11, 2026. He is a Chartered Accountant with three decades of experience in finance, taxation, insolvency management and public-sector advisory.
• Dr. Charudatta Digambar Mayee re-appointed as Independent Director for a 2nd term of three years with effect from December 11, 2026. He is an agricultural scientist, former Vice Chancellor of Marathwada Agricultural University and former Chairman of the Agricultural Scientists Recruitment Board.

What it means for investors

This is a governance and succession update rather than a business or financial event. Day-to-day executive leadership passes to the next generation of the promoter family, with the founder staying on in the Chairman role. The independent director bench is continued with two re-appointments and one regularization.

The update affirms that none of the five directors is debarred from holding the office of director by any SEBI order or other authority. The three independent directors are stated to have no relationship with other directors or key managerial personnel.

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