The Shareholders of the Company at 38th AGM held on 25th September, 2025 have approved the Appointment of Mr. Anand Mahendrabhai Bhuva (DIN: 11217077) as an Executive Director of the Company ....
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Shareholders of Polymechplast Machines Ltd approved the appointment of Mr. Anand Mahendrabhai Bhuva as Executive Director at the 38th AGM held on 25th September 2025. He has been appointed for a 3-year term effective from 7th August 2025 to 6th August 2028. Mr. Bhuva holds a Bachelor's degree in Business Administration from Maharaja Sayajirao University of Baroda and has over 3.5 years of experience in the plastic manufacturing industry, particularly in injection moulding machines and now aluminum die-casting. He is the son of Mr. Mahendrakumar Bhuva, the Chairman of the Company, and already holds 5,90,940 shares (10.55%) in the company.
This is a promoter family succession move, with the Chairman's son joining the board as Executive Director, which brings continuity but also raises corporate governance questions about nepotism. Retail investors should note the increased family control at the board level.