BSEPankaj Polymers LtdMediumNeutral
Announced Tue, 9 Jun · 17:56 IST

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (''Listing Regulations''), we wish to inform you that the Board of ....

Ceo Appointed ExternalManagement Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+10.2%1-day move
₹59.60
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AI summary

The Board of Pankaj Polymers Ltd, at its meeting on June 9, 2026, appointed Mr. Mayank Chawla as Additional Director, CEO and Whole-time Director (KMP) for a 5-year term, subject to shareholder approval. Mr. Chawla 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 (Vikas Garg and Rahul Nagar, both with fintech/Paytm backgrounds) and two Non-Executive Independent Directors (Siba Narayan Panda, ex-RBI Chief General Manager with 40 years in banking and payments, and Richa Kalra, a Company Secretary). All appointments are subject to shareholder approval. Additionally, a new Corporate Office was approved at Noida, Uttar Pradesh.

Likely market impact

This is a major board overhaul, bringing in new leadership with strong fintech and digital payments expertise, which could signal a strategic pivot or expansion for the company. For shareholders, the new CEO's external experience may drive fresh direction, but all appointments still need member ratification at the next general meeting.