Cessation of Mr. Ranjit Singh as an Independent Director w.e.f. May 11, 2026, upon completion of his second term of five years.
POLYPLEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mr. Ranjit Singh has ceased to be an Independent Director of Polyplex Corporation Ltd effective May 11, 2026. The cessation is due to completion of his second consecutive term of five years as Independent Director, totaling 10 years on the board. This is a routine, pre-planned expiry of term as per SEBI regulations which limit independent director tenures to two consecutive terms of five years each. The company has filed this disclosure under Regulation 30 of the SEBI Listing Regulations.
This is a standard governance-compliant board change with no negative implications. The board will need to appoint a new Independent Director to maintain board composition requirements.