India Pesticides Limited announced that the Board of Directors of the Company has approved and passed appointment of Mr. Vishal Swarup Agarwal and Mr. Vishwas Swarup Agarwal as Non-Executive Directors of the Company. Acceptance of Resignation of Mr. Anand Swarup Agarwal from the position of Chairman of the Company for taking the Company towards Independent Chairmanship and better Corporate Governance. However, it is to be noted that Mr. Agarwal's resignation from the post of Chairman will not affect his position on the Board, nor will it impact his involvement in other allied activities.

Approved appointment of Mrs. Madhu Dikshit Independent Director, as the Chairperson of the Company in place of Mr. Anand Swarup Agarwal who has resigned from the position of Chairman of the Company, to take the Company towards Independent Directorship and for better Corporate Governance.