Hikal Ltd approves appointment of Independent Director

Hikal Limited announced that the Board of Directors of the Company, at their meeting held on January 11, 2024, unanimously approved the appointment of Mr. Ravi Kapoor as Independent Director of the company for a period of 5 years with effect from January 11, 2024, subject to the approval of the shareholders.

Ravi Kapoor is an entrepreneur and Promoter Director of Heubach Colour Private Limited owned by the Heubach family with a 600-year history of business in Europe and over 1 billion Euro in Sales. Over the last 25 years as Managing Director, he has been responsible for steering the company to become the most profitable pigment manufacturer globally with a leadership in sustainability. Under his stewardship the company has won several accolades for Environmental Protection and Preservation including Best Responsible Care company from the Indian Chemical Council (ICC). He has a depth of domestic and international experience in the speciality chemicals field including technology tie ups, joint ventures and mergers and acquisitions globally. He is a director of several of the Heubach subsidiaries in India and overseas, serves as a Board member of the Heubach Group globally and is currently the Chairman of the Sustainability and Responsible Care Expert Committee at the Indian Chemical Council.

Commenting on the appointment Mr. Jai Hiremath, Chairman of Hikal, "We are pleased to welcome Mr. Ravi Kapoor, an experienced and well-known professional to the Board of Hikal. Ravi is a veteran of the industry and has in-depth experience across different segments of the chemical industry. His experience, proficiency and knowledge will further strengthen the Hikal Board."

Shares of Hikal Limited was last trading in BSE at Rs. 297.55 as compared to the previous close of Rs. 299.25. The total number of shares traded during the day was 14069 in over 532 trades.

The stock hit an intraday high of Rs. 300.65 and intraday low of 294.25. The net turnover during the day was Rs. 4169501.00.

Source : Equity Bulls

Keywords

Hikal INE475B01022 Appointment IndependentDirector