We wish to inform you that the Shareholders of the Company at the 38th AGM of the Company held on 25-September-2025 have approved the Appointment of Mr. Mahendrabhai Ravjibhai Bhuva (DIN: ....
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Shareholders at the 38th AGM held on September 25, 2025 approved the appointment of Mr. Mahendrakumar Ravjibhai Bhuva (DIN: 00054562) as Executive Chairman for a 3-year term from October 1, 2025 to September 30, 2028. Mr. Bhuva, who has been with the company since 1998, was previously the Managing Director and is now being re-designated as Executive Chairman, with his MD role set to be discontinued. He holds over 35 years of experience in plastic processing, injection and blow moulding machines and currently holds 6,48,742 equity shares in the company. He is related to Mr. Anand Mahendrabhai Bhuva, the Executive Director of the company. The NRC and Board had recommended this re-designation on August 7, 2025, citing evolving business requirements and succession planning.
This is a leadership restructuring rather than a change — Mr. Bhuva moves from Managing Director to Executive Chairman, signalling a formal succession transition within the promoter family (his son Anand is already an Executive Director). For shareholders, continuity in strategic leadership is maintained, though the discontinuation of the MD role may lead to operational restructuring at the top.