Designations of two senior management personnel changed on promotion, effective 27th October 2026
Designation change for two senior management personnel on promotion, effective 27th October 2026.
By ScoutQuest · · 2 min read
- Effective Date
- 27th October 2026
- Designation Change - Charanjeet Chitakara
- General Manager (Quality Control) → Assistant Vice President (Quality Control)
- Designation Change - Vivan Prashar
- Assistant Vice President (Projects & Engineering) - Operations (API) → Vice President (Projects & Engineering) - Operations (API)
What the company told the exchanges
Morepen Laboratories has informed the National Stock Exchange and BSE that the designations of two of its senior management personnel have been changed with effect from 27th October 2026. The stated reason is promotion. Both continue in full-time employment with the company.
Who moved up
- Mr. Charanjeet Chitakara has moved from General Manager (Quality Control) to Assistant Vice President (Quality Control).
- Mr. Vivan Prashar has moved from Assistant Vice President (Projects & Engineering) - Operations (API) to Vice President (Projects & Engineering) - Operations (API).
Both are internal elevations rather than fresh appointments, so the people and the functions stay within the company.
Experience behind the two names
- Mr. Chitakara holds a Master of Science (M.Sc.) degree and has approximately 30 years of professional experience in the pharmaceutical industry. He has been associated with the company since 1997 and is responsible for overseeing and managing the company's Quality Assurance activities, compliance with applicable quality standards, regulatory requirements and the established quality management system.
- Mr. Prashar has been with the company for over 13 years, progressing through various roles. The update credits him with managing teams and fostering a results-oriented environment aligned with the company's objectives.
How to read it
A designation change on promotion is an internal organisational update. It does not change the company's share capital, borrowings or business segments. What it does show is continuity, since both executives carry long tenures and the changes take effect immediately.
The intimation was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with an annexure giving the reason for the change, the effective date, the term of appointment and brief profiles of both persons. The annexure states that disclosure of relationships between directors is not applicable.
What to keep an eye on
- The scope of the elevated quality control and API projects roles, and any further senior management changes the company may notify.
Also from Morepen Laboratories
Monitoring agency flags capex delay risk on QIP proceeds; Rs. 1.12 crore spent in Q2FY27
27 Oct 2026
Morepen Q2 FY27: revenue up 81% to Rs. 755 Cr, PAT up 117% as CDMO supplies scale up
27 Oct 2026
Morepen Q2 FY27: CDMO revenue Rs. 253 Cr, first capacity phase completed at 614 KL
27 Oct 2026
More numbers
- Professional experience of Mr. Charanjeet Chitakaraapproximately 30 years
- Mr. Vivan Prashar's tenure with the Companyover 13 years
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