Appointment of Mr. Pankaj Bhaya as Cheif Financial officer of the Company.
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MPL Plastics Ltd has appointed Mr. Pankaj Bhaya as its new Chief Financial Officer effective 28th May 2025. The appointment comes shortly after the resignation of the previous CFO, Mr. Milan Bhaya, for which the company had given an intimation on 20th May 2025. Mr. Pankaj Bhaya is a Commerce Graduate from the University of Bombay with over 44 years of experience in Accounts, Audit, and Taxation at well-known public limited companies. His terms of appointment are governed by the company's Nomination and Remuneration Policy. The disclosure was made under Regulation 33 of SEBI's Listing Regulations.
The quick back-to-back transition (resignation on 20th May, new appointment on 28th May) suggests smooth succession planning with no prolonged vacancy at a key financial role. With 44 years of finance experience, the new CFO brings seasoned expertise that may strengthen financial reporting and governance for shareholders.