Haryana Leather Chemicals Limited, a leading manufacturer of leather chemicals, has announced the re-appointment of Mr. Pankaj Jain as its Managing Director for a term of five years. The decision was taken at the Board of Directors meeting held on April 2, 2025, following the Nomination and Remuneration Committee’s recommendation. His new term will commence on April 2, 2025, and continue until April 1, 2030, subject to shareholder approval.

This strategic decision reaffirms the company's commitment to stability, leadership continuity, and sustained growth under Mr. Jain’s guidance.

Background of the Re-Appointment

The Board of Directors of Haryana Leather Chemicals Ltd., in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, approved the continuation of Mr. Pankaj Jain in the role of Managing Director. The meeting commenced at 11:30 A.M. and concluded at 12:15 P.M.

A formal disclosure regarding this development has been submitted to the Bombay Stock Exchange (BSE) under Scrip Code: 524080 and aligns with regulatory norms outlined in SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Who is Pankaj Jain? – A Brief Profile

Mr. Pankaj Jain, a B.Tech graduate from Punjab University, has played a pivotal role in the growth and expansion of Haryana Leather Chemicals Ltd..

• He took charge as Managing Director on February 4, 2013 and has since been instrumental in strengthening the company’s market position.

• Under his leadership, the company has diversified its portfolio and expanded its global presence.

• Mr. Jain has been the driving force behind the company’s organizational structure, work allocation, and overall control system.

• His visionary approach and hard work have enabled Haryana Leather Chemicals Ltd. to become a well-established brand in the leather chemical industry.

Significance of the Re-Appointment

The re-appointment of Mr. Pankaj Jain as Managing Director signals continuity in leadership at Haryana Leather Chemicals Ltd. His extensive experience and expertise in the chemical industry ensure that the company remains on its growth trajectory.

The Board's decision is expected to enhance investor confidence, as the company continues its focus on innovation, sustainability, and expansion.

Corporate Governance & Compliance

Haryana Leather Chemicals Ltd. has confirmed that:

• Mr. Pankaj Jain is not debarred from holding the office of a director by SEBI or any other regulatory authority.

• His relationship with other directors includes being the husband of Mrs. Sippy Jain, a Whole-Time Director of the company.

• The appointment is subject to shareholder approval, reinforcing transparency and corporate governance practices.

Market Impact & Investor Outlook

The announcement is likely to impact Haryana Leather Chemicals’ stock performance positively, as it reassures investors about continuity in leadership and strategic direction. The re-appointment strengthens the company's long-term stability, ensuring sustained growth in both domestic and international markets.

Conclusion

The re-appointment of Mr. Pankaj Jain as Managing Director of Haryana Leather Chemicals Ltd. is a key milestone for the company’s leadership and future strategy. His proven track record in corporate management, innovation, and business expansion makes him the ideal choice to lead the company for another five years.

With a strong leadership team in place, Haryana Leather Chemicals Ltd. is expected to continue its upward trajectory in the leather chemicals industry, reinforcing its commitment to innovation, quality, and global reach.

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