Polyplex Corporation Limited has informed the Exchange regarding Cessation of Mr. Ranjit Singh as Non- Executive Independent Director of the company w.e.f. May 11, 2026.
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Mr. Ranjit Singh has stepped down as Non-Executive Independent Director of Polyplex Corporation Limited effective May 11, 2026. The departure was due to completion of his second consecutive term of five years as Independent Director, totaling 10 years on the board. This is a routine, planned cessation as per SEBI regulations governing the maximum tenure of independent directors. The company has filed this disclosure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The disclosure was signed by Company Secretary Ashok Kumar Gurnani and submitted to both BSE and NSE.
This is a standard governance event with minimal impact on day-to-day operations. Shareholders may see a minor announcement effect as the company will need to appoint a replacement Independent Director to maintain board composition. No material impact on the stock price is expected from this routine term completion.