Saptak Chem and Business Ltd Announces Leadership Change MD Manthan Bhavsar Steps Down

Saptak Chem and Business Ltd has formally disclosed that Manthan Bhavsar has resigned as Director and Managing Director. The announcement marks a significant leadership transition for the company, which operates in the chemical and allied business sectors. While the resignation is effective immediately, the board has assured stakeholders that operations remain unaffected and succession planning is underway.

Key Highlights:

Resignation: Manthan Bhavsar steps down from his dual roles as Director and Managing Director.

Board Assurance: The company emphasized that day-to-day operations and business continuity remain intact.

Succession Planning: The board is expected to initiate the process of appointing new leadership to guide future strategy.

Strategic Outlook: Focus remains on strengthening core chemical operations and sustaining growth momentum.

Investor Note: The disclosure reflects transparency and compliance with corporate governance norms.

This leadership change underscores the importance of robust governance and succession planning in ensuring organizational resilience. Stakeholders will closely monitor upcoming announcements regarding Bhavsar’s successor and the company’s strategic direction.

Sources: Saptak Chem and Business Ltd, Stock Exchange Filings