Honasa Consumer Limited, a leading name in the consumer goods industry, has announced significant leadership changes in its senior management team, effective from April 24, 2025. Mr. Karan Bajwa, previously serving as the Senior Vice President of Human Resources, has been elevated to the position of Chief Human Resources Officer (CHRO). Similarly, Mr. Avinash Dhagat, who served as Senior Vice President – Supply Chain, has been promoted to Chief Supply Chain Officer (CSCO). These changes reflect the company’s strategic focus on strengthening its leadership and operational capabilities in the rapidly evolving consumer market.

Key Leadership Changes at Honasa Consumer

The announcement highlights two significant promotions within Honasa Consumer's senior leadership team. Both Mr. Bajwa and Mr. Dhagat have been with the company since April 2021 and have played crucial roles in their respective departments.

• Mr. Karan Bajwa’s elevation to CHRO marks a key moment for the company’s human resources strategy. With a background that includes positions at leading companies like Airtel and Reckitt, Mr. Bajwa brings a wealth of experience across Talent Acquisition, Talent Management, Business Partnering, and Total Rewards. He holds an MBA in HR from SCMHRD and a B.Tech in Electronics and Communication from Panjab University. His appointment underscores Honasa’s commitment to developing a robust HR strategy that aligns with the company’s growth and business objectives.

• Mr. Avinash Dhagat, now the CSCO, has extensive experience in Supply Chain Management. He joined Honasa Consumer from notable companies like L’Oreal, Supermax, and Ashok Leyland, where he held roles in Demand and Supply Planning, Customer Service, and Physical Distribution. Mr. Dhagat holds an MBA in Supply Chain and Logistics from SP Jain School of Global Management and a B.Tech in Mechanical Engineering from NIT Warangal. His promotion reflects the company’s focus on enhancing operational efficiency and supply chain excellence.

Leadership Transformation to Drive Growth

These leadership changes are part of Honasa Consumer's ongoing efforts to bolster its management structure and position the company for continued growth in a competitive market. The company aims to capitalize on these strategic appointments to enhance its organizational capabilities and drive future success.

The change in leadership at the senior management level also aligns with the company’s adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency in the disclosure of key leadership changes to the stock exchanges. As part of these disclosures, both Karan Bajwa and Avinash Dhagat have been designated as Senior Management Personnel.

Full Details in Compliance with SEBI Guidelines

In compliance with the SEBI guidelines, detailed profiles of the appointed personnel, including their reasons for the change, appointment date, and professional backgrounds, are made available. The disclosures also provide clarity on their existing full-time employment terms with the company.

• Mr. Karan Bajwa’s appointment as CHRO is based on his extensive experience in human resources management and his pivotal role in the company since 2021.

• Mr. Avinash Dhagat’s new role as CSCO is a recognition of his contribution to Honasa’s supply chain management and strategic operations over the past few years.

Corporate Governance and Future Outlook

Honasa Consumer continues to enhance its corporate governance practices and leadership structure to ensure that it remains well-positioned to achieve its business goals. These leadership transitions reflect the company’s ongoing efforts to maintain an efficient organizational structure that fosters innovation, growth, and resilience in a fast-paced industry.

This move also highlights the company’s commitment to promoting internal talent, allowing experienced professionals like Mr. Bajwa and Mr. Dhagat to take on more significant roles, thereby ensuring continuity in leadership while preparing the company for its next phase of growth.

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