CEO change: Rajiv Arora resigns, Vinay Divakar Jayade named CEO & Whole-Time Director

National Peroxide board noted the resignation of Mr. Rajiv Arora as Whole-Time Director & CEO, effective close of business on November 02, 2026.

Thu 1 Oct 2026

Outgoing CEO Resignation

Mr. Rajiv Arora resigned as Whole-Time Director & CEO, effective close of business on November 02, 2026

Incoming CEO Appointment

Mr. Vinay Divakar Jayade approved as CEO and Whole-Time Director for 5 years from November 3, 2026

Shareholder Approval Condition

subject to shareholder approval

Board Meeting Date

board met on October 01, 2026

Incoming CEO DIN

DIN: 07672462

The board of National Peroxide Ltd met on October 01, 2026 and considered a change at the top of the company.

Who is leaving

• Mr. Rajiv Arora (DIN: 08730235), Whole-Time Director and Chief Executive Officer, has resigned. The stated reason is family and personal reasons.
• He will continue as CEO and Director till the close of business hours on November 02, 2026, to facilitate an orderly transition and handover.
• In his resignation letter he said he is required to serve a notice period of 6 months as per the terms of his appointment letter and was willing to serve it, but requested early relieving on 2nd Nov 2026, subject to the company waiving the notice period.

Who is coming in

• Mr. Vinay Divakar Jayade (DIN: 07672462) has been appointed as Chief Executive Officer and Whole-Time Director (Key Managerial Personnel) with effect from November 3, 2026, for a term of 5 years, subject to the approval of the shareholders of the company.
• The appointment is based on the recommendation of the Nomination and Remuneration Committee.
• He will be associated with the company as CEO and Whole-Time Director (Designate) with effect from October 1, 2026, working closely with Mr. Arora during the transition, and will take charge from November 3, 2026, following the cessation of Mr. Arora from those offices.

Background of the incoming CEO

• Mr. Jayade is a Chemical Engineering graduate (Polymer Technology) from MIT, Pune, and holds a Master's Degree in Marketing Management from K. J. Somaiya Institute of Management, Mumbai.
• He has over 34 years of experience across the specialty chemicals, polymers, elastomers, coatings and industrial materials sectors, covering business strategy, profit and loss management, manufacturing operations, business transformation, market development and acquisitions.
• Prior to joining the company, he served as JV President of Cabot Sanmar Limited.
• Earlier, he served as CEO & Managing Director of ASK Chemicals India.
• He has also held leadership and management positions with Reliance Industries, Lanxess India, Dow Chemical/Rohm & Haas, Ciba Specialty Chemicals, Akzo Nobel Polymer Chemicals, DCM Shriram and Caprihans India.

Other points noted in the disclosure

• The company confirmed that Mr. Vinay Divakar Jayade is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other statutory authority or court.
• None of the Directors and Key Managerial Personnel of the company are related to each other.
• The board meeting commenced at 04.00 p.m. (IST) and concluded at 04.20 p.m. (IST).

The change involves both an exit and a planned transition: the outgoing CEO stays on till November 02, 2026, the incoming CEO is designated from October 1, 2026 and formally takes charge on November 3, 2026, with his 5-year term subject to shareholder approval.

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