Archive · 29 Oct 2025
Cohance Lifesciences MD V Prasada Raju Resigns, Himanshu Agarwal Appointed
The boss of a company called Cohance Lifesciences decided to quit his job.
He said it was because he had personal things to do and wanted to learn new things.
Even though he's leaving his main job, he'll still help the company make sure everything runs smoothly.
The company's stock price went down because of this news.
But, they have already picked someone new to help lead.
This new person, who was the company's money manager, will now be a director for the next five years.
The company works with other businesses to make important medicines and chemicals.
V Prasada Raju resigned as Managing Director and Director of Cohance Lifesciences Ltd with immediate effect from October 28.
The company's shares fell by 10% following the announcement of Raju's resignation.
Raju cited personal priorities and a desire to continue his learning journey as reasons for his departure.
Himanshu Agarwal, currently the CFO, has been appointed as Additional Director and Whole-time Director, subject to shareholder approval.
Cohance Lifesciences is a contract development and manufacturing organization specializing in complex molecules, APIs, specialty chemicals, and formulations.
- Who
- V Prasada Raju, Managing Director of Cohance Lifesciences Ltd, and Himanshu Agarwal, CFO of Cohance Lifesciences Ltd.
- What
- V Prasada Raju resigned as Managing Director and Director; Himanshu Agarwal was appointed as Additional Director and Whole-time Director.
- When
- October 28, 2025, and October 29, 2025.
- Where
- Cohance Lifesciences Ltd.
- Why
- Raju resigned due to personal priorities and to continue his learning journey. Agarwal's appointment is subject to shareholder approval.
Reasons for Resignation
Company's Response
Departure of Managing Director
Reasons for Resignation
V Prasada Raju resigned due to personal priorities and to pursue further learning.
Company's Response
The company noted the resignation and stated Raju will continue to facilitate a seamless transition of duties.
Leadership Transition
Reasons for Resignation
Raju's resignation is effective immediately, though he will remain available for transition.
Company's Response
Himanshu Agarwal, the current CFO, has been appointed as a new Additional Director and Whole-time Director.
- Company
- Cohance Lifesciences Ltd
- Resignation Date
- October 28, 2025
- New Appointee
- Himanshu Agarwal
- Agarwal's New Role
- Additional Director and Whole-time Director
- Agarwal's Previous Role
- Chief Financial Officer (CFO)
- Impact on Share Price
- Slipped 10%