Khaitan Chemicals & Fertilizers Limited has announced significant changes in its senior management, showcasing its commitment to leadership excellence and operational efficiency. The company disclosed these developments in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation of Mr. Kishor Shewkani

Mr. Kishor Shewkani, who served as the Vice President - Production Head, has tendered his resignation. Effective January 31, 2025, he will officially step down from his role, although the management has decided to relieve him earlier if feasible. In his resignation letter dated December 10, 2024, Mr. Shewkani expressed gratitude for the opportunities at Khaitan and committed to ensuring a seamless transition during the handover period.

Appointment of Mr. R.K. Gupta

To fill this critical role, Khaitan Chemicals has appointed Mr. R.K. Gupta as the new Vice President - Production Head, effective January 3, 2025.

About R.K. Gupta

Mr. Gupta brings a wealth of experience with over 40 years in the chemical and fertilizer industry. His expertise spans:

• Operating and managing large-scale facilities, including NPK (1000 TPD), SSP (800 TPD), and sulfuric acid plants (300 TPD).
• Producing specialized chemicals like Oleum, liquid SO3, and chlorosulfonic acid.
• Managing steam turbo power generators with capacities up to 3.2 MW, employing waste heat recovery systems.
• Successfully executing international projects, notably with Subtara Chemfert Company Ltd., Bangkok, Thailand.

His extensive background aligns with Khaitan Chemicals’ goals of enhancing operational efficiency and fostering innovation in the fertilizer and chemicals sector.

Transition and Future Outlook

The leadership changes aim to bolster the company's production capabilities while maintaining its legacy of excellence. As Mr. Gupta takes over, his proven expertise is expected to bring renewed focus to achieving Khaitan's strategic objectives.

Conclusion
These changes highlight Khaitan Chemicals’ proactive approach to leadership transitions, ensuring continued growth and stability. With a seasoned professional like Mr. Gupta onboard, the company is poised for robust operational performance and industry leadership.

The Upcoming IPOs in this week and coming weeks are Indobell Insulation, Standard Glass Lining, Quadrant Future, Capital Infra Trust, Delta Autocorp and B R Goyal.

The Current active IPO is   Fabtech Technologies, Davin Sons and Parmeshwar Metal.