Corporate Announcement and Intimation regarding setup of Company''s Corporate Office at Noida, Uttar Pradesh.
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Pankaj Polymers' board, at its June 9, 2026 meeting, approved the appointment of Mr. Mayank Chawla as CEO and Whole-time Director for 5 years. He brings over 25 years of experience from Bharti Airtel, Paytm, and Edenred in telecom, fintech, and digital payments. The board also appointed four other directors — two non-executive non-independent directors (Mr. Vikas Garg and Mr. Rahul Nagar, both from Kredmint/Paytm background) and two non-executive independent directors (Mr. Siba Narayan Panda, ex-RBI Chief General Manager with 40 years in banking and payment systems, and Ms. Richa Kathuria, a company secretary with 20+ years of corporate governance experience). Additionally, the board approved setting up a new Corporate Office in Noida, Uttar Pradesh, though the registered office remains in Secunderabad, Telangana.
A near-complete board overhaul with a new CEO and a Noida corporate office signals the company's intent to pivot or scale into new business areas, likely beyond its traditional polymer operations. For shareholders, this is a significant leadership and strategic shift that could reshape the company's direction, though it will take time to see results in financial performance.