In a regulatory filing, Rallis India informed that "R Gopalakrishnan will retire as a non-executive, non-independent Director and Chairman of the company with effect from December 25, 2015, on reaching the retirement age".
It added that "Bhaskar Bhat, non-independent, non- executive director has been appointed as Chairman of the company with effect from December 25, 2015".
Rallis India is into manufacturing of crop protection chemicals. With factories spread over four locations, the company produces more than 10,000 tonnes of technical grade pesticide and about 30,000 tonnes/litres of formulations per annum.