Deepak Nitrite Ltd has approved key leadership appointments as part of its board decisions taken on April 3, 2026. According to reports from CNBC TV18, the company has reappointed Maulik Mehta as Deputy Managing Director and appointed Meghav Mehta as Deputy Managing Director, both for a period of five years with effect from May 9, 2026. These appointments are subject to shareholder approval at the upcoming annual general meeting.
In a separate decision, the board approved the reappointment of Sanjay Upadhyay as Director (Finance) and Group Chief Financial Officer for five years with effect from August 1, 2026. As reported by CNBC TV18, this extension ensures continuity in the company's financial leadership structure.
Shares of Deepak Nitrite closed at ₹1,375.00 on the NSE, gaining ₹22.80 or 1.69% following the announcement of these leadership appointments. According to CNBC TV18, this positive market response reflects investor confidence in the company's strategic leadership decisions.
