Outcome of Board Meeting held on 16th February, 2026
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Awaiting price reaction for this filing.
Polymac Thermoformers held a board meeting on 16th February 2026 where two key decisions were made. First, the board accepted the resignation of Mr. Puspjeet Kumar (DIN: 00548463) as Director with effect from 14th February 2026, citing personal and unavoidable circumstances. He confirmed there are no other material reasons and held no directorships in other listed entities. Second, Mr. Jitendra Kumar Modi (DIN: 05179546) was appointed as Director with effect from 16th February 2026. He has a background in Finance, Accounts, and Taxation and is the husband of the company's Wholetime Director.
This is a routine board reshuffle, but investors should note the new director is related to an existing Wholetime Director, signalling continued family involvement in the company's leadership. No material reasons were cited for the departure, suggesting it's not driven by corporate concerns.