Cessation of Director, Reappointment & appointment of Directors and Secretarial Auditors
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
At the AGM held on 11 September 2025, shareholders approved four board-related items. Smt. Manju Parakh, a Director, retired by rotation and did not seek reappointment. Mr. Venkatesan N was reappointed as Executive Director for another three-year term starting 12 April 2026; he has 35+ years of plastics manufacturing experience and currently heads operations. M/s. P Muthukumaran & Associates, a Chennai-based practicing company secretary firm founded in 2017, was appointed as the new Secretarial Auditor for a five-year stretch covering FY26 through FY30. Additionally, Mr. Alok Parakh joined the board as a Non-Executive Director from 12 September 2025.
The outgoing Smt. Manju Parakh and incoming Mr. Alok Parakh are linked to the promoter family (Alok is brother of the Managing Director and son of an existing Director), pointing to a generational reshuffle within the promoter family on the board rather than any governance concern. Reappointment of the Executive Director and a fresh five-year secretarial audit mandate are routine, with no material bearing on share price.