Board overhaul: 3 new directors, new CFO appointed; 2 directors and auditor exit
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Jolly Plastic Industries Board on 12 June 2026 approved major restructuring. Three new directors appointed: Suvendu Chunder and Ananjan Mitter (Independent), Kamal Nain Pandya (Non-Executive). New KMPs named: Shomik Mukherjee as Manager, Joydeep Datta Gupta as Company Secretary, Gopal Dalmia as CFO. P.K. Drolia and Co replaced GAMS and Associates LLP as Statutory Auditor after the latter resigned mid-term. Two Independent Directors, Rajesh Kumar Vaid and Parul Kumar, also resigned citing personal commitments. A company name change proposal was approved, subject to shareholder and MCA approvals.
Wholesale board and management overhaul signals deep restructuring, but simultaneous exit of two independent directors and auditor may raise governance questions.