Garodia Chemicals Ltd — Updates, 28-05-2025: Company Update

Garodia Chemicals Limited has announced a board meeting following the approval of its Pre-Packaged Insolvency Resolution Plan. The monitoring committee approved the appointment of five new directors and key managerial personnel, including Mrs. Megha Brahmankar, Mr. Suraj Kodak, Mr. Vikram Ravindra Sabnis, Mr. Ravi Salunkhe as Managing Director (subject to shareholder approval), and Mrs. Bhagyashri Nilesh Devrale. All new appointees bring diverse expertise from fields such as medicine, finance, software development, and chemical engineering. Concurrently, several existing directors and KMPs ceased their roles effective March 10, 2025, as part of the restructuring process. This reconstitution aligns with the company’s resolution plan implementation and future strategic governance.