IVP Limited is undergoing a notable governance shift alongside its latest financial update. In a board meeting held on November 4, 2026, the company announced the appointment of Deepak Kumar Jajodia as an Additional Director (Non-Executive, Non-Independent), effective from the same day. The appointment is subject to shareholder approval, with a Postal Ballot Notice also approved for the same purpose. This move signals the board’s intent to broaden its expertise and continue steering the company through its current growth phase.
Simultaneously, IVP said goodbye to Rajkumar Lekhwani, who conveyed his intention to step down from the roles of Director and Chairman of the Board, and from all board committees, effective at the close of business hours on November 4, 2026. In a corresponding leadership realignment, Non-Executive, Independent Director Ranjeev Lodha has been designated as Chairman of the Board and of the Company, effective November 4, 2026. The changes underscore IVP’s ongoing focus on governance structure and continuity as it pursues its strategic priorities.
Deepak Kumar Jajodia is described in the annexures as a seasoned finance and governance professional with more than three decades of experience across sectors including FMCG, retail, consumer products, and services. The brief profile notes his credentials as a Chartered Accountant, Company Secretary, and Cost and Management Accountant, with prior leadership roles across prominent organizations. While the appointment adds a new voice to the board, the leadership transition at the top—ushered in by Lodha’s chairmanship—positions IVP to pursue its objectives with a renewed emphasis on financial discipline, risk oversight, and strategic execution. Investors and stakeholders will be watching how this board composition translates into governance and long-term value creation for IVP.