In a boardroom reshuffle at Shree Pushkar Chemicals & Fertilisers Limited, the board confirmed the resignation of Ramakant Madhav Nayak, a Non-Executive and Non-Independent Director, effective close of business on 13 August 2026 due to advancing age. The company thanked Nayak for his guidance and strategic insights during his tenure, noting the valuable contributions he made to the board over his tenure.
At the same meeting, the board approved the appointment of Raghav Punit Makharia as an Additional Non-Executive and Non-Independent Director, effective 13 August 2026. He will hold the office until the date of the ensuing Annual General Meeting, with the board recommending his appointment as a director at that AGM. The 30-year-old has been associated with Madhya Bharat Phosphate Private Limited since 2020, where he has played a pivotal role in revival and turnaround, bringing a mix of finance acumen and global operations insight to the table.
The appointment comes with familial ties to the company’s leadership: Raghav Punit Makharia is the son of Punit Gopikishan Makharia, the Chairman and Managing Director, and the nephew of Gautam Gopikishan Makharia, the Joint Managing Director. The company’s disclosures emphasize the relationship, while underscoring that his appointment is driven by the board’s assessment of his strategic judgment, operational capability, and potential value addition for the group.
Shree Pushkar’s leadership slate continues to evolve as it pursues its mission of stable, sustainable, and smart chemistry across its diverse business lines, including specialty textile dyes, dyes intermediates, and fertilisers. As the company looks ahead, the board’s latest moves signal a deliberate approach to governance and growth, balancing continuity with fresh leadership perspectives.