Fairchem Organics Announces CFO Rajen Jhaveri’s Retirement on November 14, 2025, New Leadership Steps In

Fairchem Organics Limited, a specialty chemicals manufacturer, has announced a key leadership change with its Chief Financial Officer (CFO) and Company Secretary, Mr. Rajen Jhaveri, set to retire on November 14, 2025. Mr. Jhaveri has played an integral role in overseeing the company’s financial operations and compliance during his tenure.

The board meeting held on November 7, 2025, also approved the appointment of Mr. Bhavesh Bipinchandra Shah as the new CFO and Key Managerial Personnel, effective November 15, 2025. Mr. Shah is a Chartered Accountant and Cost and Management Accountant with 23 years of diverse experience across industries including senior finance positions at Arvind Group companies. Additionally, Mr. Jatin Jain will take over as Company Secretary and Compliance Officer.

This transition occurs amid a challenging financial backdrop, as the company reported a 19.55% drop in Q2 FY26 revenue and an 80.75% decline in net profit compared to the same quarter last year, underscoring the need for strong financial leadership.

Key Highlights

Rajen Jhaveri’s retirement as CFO and Company Secretary effective November 14, 2025​

Bhavesh Bipinchandra Shah appointed new CFO from November 15, 2025, bringing 23 years' experience​

Jatin Jain appointed as Company Secretary and Compliance Officer starting November 15, 2025​

Q2 FY26 revenue declined 19.55% YoY; net profit fell 80.75% YoY, highlighting operational challenges​

Board approved Q2 and half-year unaudited financial results on November 7, 2025​

Fairchem Organics emphasizes a seamless leadership transition aimed at strengthening financial governance and steering the company through a difficult market environment.

Sources: Fairchem Organics Official Release, ScanX Trade, NSE India Filings