Indo Borax and Chemicals Ltd has announced the resignation of CEO Saumya Sajal Jain and Managing Director Sajal Jain. The leadership change comes amid a broader restructuring of the company’s board and ownership. New appointments have been made to ensure continuity and align with evolving corporate governance.
Indo Borax and Chemicals Ltd, a key player in the boric acid and chemical industry, has witnessed significant leadership changes with the resignation of CEO Saumya Sajal Jain and Managing Director Sajal Jain. The announcement marks a pivotal moment for the company, which has recently undergone major ownership transfer and board restructuring.
Key Highlights
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Resignation of CEO Saumya Sajal Jain and Managing Director Sajal Jain, signaling a leadership transition
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Completion of ownership transfer involving 50.80% stake to new investors, ending the control of the erstwhile promoter group
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Appointment of new Managing Director Suresh Kalra and Executive Director Harsh Malhotra to strengthen management oversight
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Induction of three independent directors to enhance governance and transparency
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Reconstitution of all major board committees to align with the new ownership structure and strategic direction
These developments reflect Indo Borax’s efforts to adapt to changing market dynamics and reinforce its corporate governance framework. The company’s future trajectory will be closely watched by stakeholders as it navigates this transition.
Sources: Reuters, ScanX News