PCBL Chemical, formerly known as Phillips Carbon Black Limited, has announced the resignation of Independent Director Kusum Dadoo, marking a key change in its board structure. Dadoo, who joined the board on April 1, 2015, has submitted her resignation citing personal reasons.
Resignation Details
| Aspect | Details |
|---|---|
| Effective Date | February 4, 2021 |
| Reason Cited | Personal reasons |
| Other Material Reasons | None confirmed |
| Tenure | Since April 1, 2015 |
Exchange Compliance
In accordance with SEBI’s listing regulations, PCBL Chemical has informed both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) about the resignation. The company has confirmed that there are no other material reasons disclosed beyond what has been stated.
Impact & Next Steps
Independent Directors play a vital role in upholding governance standards and safeguarding minority shareholder interests. With Kusum Dadoo’s exit, PCBL Chemical has not yet announced a successor for the independent director role. Investors and stakeholders will closely watch for updates on board appointments in line with regulatory requirements.
PCBL Chemical Stock Performance Snapshot
| Duration | Return |
|---|---|
| 1 Day | -0.24% |
| 5 Days | +0.33% |
| 1 Month | -1.26% |
| 6 Months | +2.57% |
| 1 Year | -10.23% |
| 5 Years | +418.12% |
PCBL Chemical remains a key player in the carbon black industry, and the company’s next board appointment will be closely monitored by market participants.
