IOL Chemicals and Pharmaceuticals Limited Board Changes
February 06, 2019 at 06:40 am EST
Share
IOL Chemicals and Pharmaceuticals Limited's Board of Directors in its meeting held on February 6, 2019, approved appointment of Mr. Rajender Mohan Malla as Additional and Independent Director for a period of three years with effect from 6 February 2019 subject to the approval of the shareholders. The company also approved appointment of Mr. Harpal Singh as Additional and Independent Director for a period of three years with effect from 6 February 2019 subject to the approval of the shareholders. The company also approved reconstitution of Audit and Risk Management Committee includes: Mr. Harpal Singh, Independent Director (Chairman); Mr. Chandra Mohan, Independent Director; Dr. Sandhya Mehta, Independent Director; and Mr. Vijay Garg, Joint Managing Director. Nomination and Remuneration Committee includes: Mr. Chandra Mohan, Independent Director (Chairman); Mr. Rajender Mohan Malla, Independent Director; and Dr. Sandhya Mehta, Independent Director. Stakeholders Relationship Committee; Dr. Sandhya Mehta, Independent Director (Chairman); Mr. Varinder Gupta, Managing Director; and Mr. Vikas Gupta, Executive Director.
IOL Chemicals and Pharmaceuticals Limited is engaged in manufacturing and selling of pharmaceutical and chemical products. The Company operates through two segments: Chemical, and Pharmaceutical. The Chemical segment produces and sells Ethyl Acetate, Iso Butyl Benzene, Acetyl Chloride, Mono Chloro Acetic Acid, Para Amino Phenol (PAP), and others. The Pharmaceutical segment produces and sells various active pharma ingredients (API) include Ibuprofen, Metformin, Fenofibrate, Lamotrigine, Clopidogrel Bisulphate, Pantoprazole, Gabapentin, Paracetamol, and others. Its API product portfolio includes Ibuprofen, Metformin HCL, Pantoprazole Sodium, Clopidogrel Bisulphate (Form II), Lamotrigine, Losartan Potassium, Levetiracetam, Paracetamol, Fenofibrate (Micronised), and Gabapentin. Its Specialty Chemical division includes Ethyl Acetate, and Acetic Anhydride. Its Ethyl Acetate is used in industries like flexible packaging, pharmaceuticals, ink, food processing, pesticides, and paint industry.