Plastiblends India Limited has informed the Exchange regarding Cessation of Shri Bajrang Lal Bagra as Independent Director of the company w.e.f. August 26, 2025.
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Plastiblends India Limited has informed the stock exchanges that Mr. Bajrang Lal Bagra (DIN: 00090596) has ceased to be an Independent Director of the company effective from the close of business hours on August 26, 2025. This follows the completion of his second term as an Independent Director, in line with the maximum tenure allowed under SEBI regulations. The Board has placed on record its appreciation for his contributions during his association with the company. The company will need to fill this vacancy in due course to comply with board composition requirements.
This is a routine governance event arising from regulatory tenure limits and not a negative signal. Shareholders should expect the company to appoint a new Independent Director soon to maintain the required board composition; no material impact on stock price is expected.