Polyplex Corporation Limited has informed the Exchange regarding Appointment of Mr. Rakesh Bhartia as Non- Executive Independent Director of the company w.e.f. May 12, 2026.
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Polyplex Corporation Limited'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 term of five consecutive years. Mr. Bhartia holds qualifications as 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's office and is not related to any existing director or Key Managerial Personnel (KMP) of the company. The appointment was recommended by the Nomination and Remuneration Committee and approved at the Board meeting held on May 8, 2026.
The appointment strengthens the Board's independent oversight as Mr. Bhartia brings extensive financial and compliance expertise. This is a positive governance development, though it is unlikely to have any immediate impact on the stock price.