Fertilizing the Future: Ramsinghani Gets Fresh Three-Year Term at Rama Phosphates

Image Source: Simply Wall St

Rama Phosphates Limited has made the re-appointment of Mr. Haresh D. Ramsinghani as its Chairman and Managing Director (MD) for a further three-year term, effective June 1, 2025. The move, approved by the company's Board of Directors and pending shareholder approval, reiterates the company's focus on stable leadership as it continues to ride the changing fertilizer industry landscape.

Re-Appointment Details

Mr. Haresh D. Ramsinghani has been re-appointed as Chairman and Managing Director for a period of three years effective June 1, 2025, and expiring May 31, 2028.
The re-appointment is in accordance with the recommendation of the Nomination and Remuneration Committee and is pending approval of the shareholders at the forthcoming general meeting.

Leadership Stability

Haresh Ramsinghani has been Chairman since May 2018 and Managing Director since November 2018, and has almost seven years of leadership experience with the company.
His term is characterized by stable management, with an average tenure of management team at Rama Phosphates being 6.8 years.

Other Board and Management Changes

The Board also reaffirmed the re-appointment of Mr. Pushpangadan Mangari and Mr. Brij Lal Knanna as Non-Executive Independent Directors for further terms of five years, subject to approval by the shareholders.
Mr. Jambu Kumar Parakh, who is already Chief Financial Officer, has been re-designated as President and CFO, effective February 14, 2025, in line with increased responsibilities.

Governance and Compliance

The company confirmed that all re-appointed directors, including Mr. Ramsinghani, are not debarred from holding office by SEBI or any other regulatory authority.
The Board also re-appointed M/s. Jignesh M. Pandya & Company as Secretarial Auditors for FY 2024-25.

Company Performance and Compensation

Mr. Ramsinghani’s total annual compensation stands at ₹15.4 million, with his compensation structure and company performance aligning with industry standards for companies of similar size in India.
Under his leadership, Rama Phosphates has had a stable management team, although recent financials show varying earnings, which mirror the wider sector issues.

Sources: BSE Corporate Filing – Rama Phosphates Ltd., Simply Wall St – Rama Phosphates Management and Financials

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