EVP – Ingredients Division Resigns; New VP – Sales & Ingredients Appointed

Senior management change at the Ingredients Division.

Wed 30 Sep 2026

Executive Resignation

Mr. Vivek Kulkarni, Executive Vice President – Ingredients Division, resigned effective September 30, 2026

New Appointment

Mr. Rajeev Mishra appointed Vice President – Sales & Ingredients Division effective October 01, 2026

Incoming Executive Experience

Mr. Rajeev Mishra has 25+ years of professional experience across industries and geographies

Educational Background

Mr. Rajeev Mishra is alumnus of IIT Roorkee and IIM Calcutta

What happened

The company reported two changes in Senior Management Personnel under Regulation 30 of the Listing Regulations.

• Mr. Vivek Kulkarni, Executive Vice President – Ingredients Division, has resigned to pursue other professional interests outside the Keva Group. He is relieved with effect from the close of business hours of September 30, 2026.
• Mr. Rajeev Mishra, currently Associate Vice President – Strategy (Fragrance & AID), is appointed Vice President – Sales & Ingredients Division and Senior Management Personnel with effect from October 01, 2026.

The Board approved the appointment on September 30, 2026, based on the recommendation of the Nomination and Remuneration Committee. Board approval was received at 02:33 p.m. (IST). The company describes the appointment as part of a re-organisation within the Group.

About the incoming executive

Mr. Rajeev Mishra is an alumnus of IIT Roorkee and IIM Calcutta with 25+ years of professional experience across industries and geographies, including roles as Business Head, Board member, and in Strategy Development, P&L accountability and business turn-around. He is not related to any Director of the Company.

Resignation letter

In his letter dated August 03, 2026 addressed to Group CEO Kedar Vaze, Mr. Kulkarni said he had decided to move on to pursue other professional interests outside Keva.

What it means for investors

This is a leadership change at the divisional level rather than a board-level or KMP-level exit such as CEO or CFO. The Ingredients Division leadership passes from an Executive Vice President to an internally promoted Vice President, so continuity is maintained from within the Group. No financial impact is stated in the intimation.

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