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, for a five-year term. Bhartia is a Chartered Accountant, Company Secretary, and Cost Accountant with experience across multiple companies in diverse industries. He has confirmed he is not debarred from holding a director position. The appointment was made based on the recommendation of the Nomination and Remuneration Committee. The Board meeting lasted 25 minutes.
This is a routine board strengthening exercise adding an experienced independent professional to the board. No immediate shareholder impact expected; the appointment supports governance standards.