Utkarsh Bhikhoobhai Shah, Chairman of the Board of Directors of the Fairchem Organics Limited has tendered his resignation due to his personal health discomforts and limitations.

He will step down from the position of Chairman/Director of the company with effect from the conclusion of the ensuing Meeting of the Board of Directors scheduled to be held on 11th February 2022.

Shah is a science graduate with Chemistry as a principal subject. Over a period of more than 38 years and apart from spreading the existing coal business, he diversified into textile dyes, speciality chemicals, auxiliaries, intermedicates, polyester fiber & real estate development. He acquired a partial equity stake of Fairchem Organics Limited in the year 2010 and is heading various charitable initiatives in rural development, senior citizen, education and health.

He is past president of Gujarat Chamber of Commerce & Industry. In the past, he also held the position of president of Jain International Trade Organization, an international organization of businessmen, industrialists, professionals, and knowledge stakeholders.