S H Kelkar and Company Limited has announced the passing of its Non-Executive Chairman, Mr. Ramesh Vaze, on September 15, 2026. A veteran industry leader, Vaze was instrumental in building the company over six decades and pioneered automation in India's fragrance industry. While this transition marks the end of an era for the firm, the company is complying with all regulatory disclosure requirements. Investors should watch for future leadership updates as the board manages this institutional transition.
S H Kelkar Chairman Ramesh Vaze Passes Away
S H Kelkar and Company Limited has confirmed the passing of its Chairman, Mr. Ramesh Vaze, on September 15, 2026. Mr. Vaze served as a Promoter and Non-Executive Director and was a foundational figure in the company's global expansion.
Reader Takeaway: The company enters a leadership transition phase following the loss of its long-serving veteran Chairman.
What just happened
S H Kelkar filed a formal disclosure with the BSE and NSE confirming the death of Chairman Ramesh Vaze. The company confirmed his passing occurred on September 15, 2026. This notification was filed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Why this matters
Mr. Vaze was central to the company's evolution, having been associated with the group for over 60 years. Joining in 1961, he served on the Board since 1981 and transitioned to Non-Executive Chairman in 2019. His strategic leadership was pivotal in shifting the company from a local fragrance house to an international organization. His role in introducing the first automated fragrance compounding plant in India in 1994 remains a key part of the company's operational legacy.
What changes now
The company has yet to name a successor for the Chairman role. Currently, the organization is honoring the late Chairman’s contributions while navigating this institutional change. The market is expected to remain attentive to future board appointments and governance adjustments as the company prepares for the next phase of its leadership.
What to track next
Investors should monitor official exchange filings for any upcoming board restructuring or announcements regarding new leadership roles. The continuity of the management team and long-term strategic direction will be key areas of focus following the loss of such a senior mentor.