Chemplast Sanmar Limited has informed the Exchange regarding Appointment of Sanjay Vijay Bhandarkar as Non- Executive Independent Director of the company w.e.f. April 26, 2026.
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Chemplast Sanmar's board has approved a leadership transition effective April 1, 2026. Current Managing Director Ramkumar Shankar, who has expressed his desire to step down, will be reappointed for only 2 months (February 1 to March 31, 2026) to ensure a smooth handover. S Ganeshkumar, currently CEO and Managing Director of TCI Sanmar Chemicals S.A.E. in Egypt (a group company), will take over as the new Managing Director for a 3-year term. Additionally, four Independent Directors — Aditya Jain, Sanjay Vijay Bhandarkar, Dr Lakshmi Vijayakumar, and Prasad Raghava Menon — have been reappointed for a second 5-year term starting April 26, 2026. All appointments are subject to shareholder approval.
This is a planned MD succession at the top, bringing in an external candidate with deep chloro-vinyl and chemicals industry experience from the group's Egypt operations. The reappointment of four independent directors preserves board continuity. Investors may view this neutrally as a structured transition rather than a sudden exit, though the new MD's track record at TCI Sanmar will be closely watched.