OUTCOME OF BOARD MEETING FOR APPOINTMENT OF DIRETOR W.E.F 01.05.2025
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Deep Polymers Ltd has appointed Mr. Aryan Rameshbhai Patel (DIN: 11053326) as an Additional Non-Executive Director with effect from 01st May 2025. The appointment is subject to shareholder approval at the next general meeting. Mr. Aryan has started his career in administration and management of the company. Importantly, he is the son of Mr. Rameshbhai Patel (Managing Director) and Mrs. Ashaben Patel (Director of the company). The board confirmed he is not debarred by SEBI or any other authority from holding a directorship.
This is a promoter family member joining the board, which brings domain familiarity but may raise governance concerns about family dominance on the board. For shareholders, this signals continuity of family control at Deep Polymers rather than an independent external addition.