Chemplast Sanmar Limited has informed the Exchange regarding Appointment of Prasad Raghava Menon as Non- Executive Independent Director of the company w.e.f. April 26, 2026.
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Chemplast Sanmar announced several board changes at its January 10, 2026 meeting. Current Managing Director Ramkumar Shankar (58, chartered accountant with ~37 years of experience) will be reappointed for only a 2-month transition period (Feb 1 to March 31, 2026), as he has expressed his desire to step down at the close of FY26. S Ganeshkumar (57), currently CEO & MD of group entity TCI Sanmar Chemicals S.A.E. in Egypt, will be appointed as the new Managing Director for 3 years starting April 1, 2026. In addition, four Independent Directors — Aditya Jain, Sanjay Vijay Bhandarkar, Dr Lakshmi Vijayakumar, and Prasad Raghava Menon — have been reappointed for a second 5-year term from April 26, 2026. All changes are subject to shareholder approval.
This is a planned, orderly leadership transition at the top with the new MD coming from within the broader Sanmar group (Egypt operations), providing operational continuity. The reappointment of all four Independent Directors ensures board stability. Investors should note the upcoming shareholder vote to formalise these changes; the short 2-month overlap suggests a smooth handover is intended.