Appointment of Mr. Ashokkumar Natwarlal Shah (DIN: 06977676) as Additional Director and Independent Director of the Company with effect from 18th August, 2025
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Axel Polymers Ltd has appointed Mr. Ashokkumar Natwarlal Shah (DIN: 06977676) as Additional Director and Independent Director of the company, effective 18th August 2025. He will serve as Additional Director until the next Annual General Meeting and as Independent Director for a term of five consecutive years. Mr. Shah, aged 71, holds a B.Com degree and a Post Graduate Diploma in Tax Practice, with 43 years of corporate experience in finance, accounts, taxation, legal, and commercial functions. He currently serves as Independent Director at Steelco Gujarat Limited and as Finance Controller at Hi-Mak Pvt Ltd. The board confirmed he is not related to any existing directors on the board.
This is a routine board-level appointment that strengthens the company's independent oversight. No material impact on shareholders or stock price is expected from this announcement.