Appointment of Independent Director w.e.f. May 12, 2026
POLYPLEX · price
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Polyplex Corporation Ltd's Board of Directors has approved the appointment of Mr. Rakesh Bhartia as a Non-Executive, Independent Director (Additional) effective May 12, 2026. He will serve for a period of five consecutive years. Mr. Bhartia is a Chartered Accountant, Company Secretary and Cost Accountant by qualification, with experience across multiple companies in diverse industries. He has confirmed he is not debarred from holding the office of director by SEBI or any other authority. The appointment was made based on the recommendations of the Nomination and Remuneration Committee. Mr. Bhartia is not related to any existing director or Key Managerial Personnel (KMP) of the company.
This appointment strengthens the board's independence and governance structure. As an additional independent director joins for a full five-year term, it represents routine board composition update with no immediate material impact on the stock or shareholder interests.