Polyplex Corporation Limited has informed the Exchange regarding Resignation of Sanjiv Chadha as Non- Executive Director of the company w.e.f. May 23, 2026.
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Mr. Sanjiv Chadha has resigned as Non-Executive Non-Independent Director of Polyplex Corporation Limited effective May 23, 2026, after over 20 years of association with the company. The resignation is stated to be for personal/professional reasons. Simultaneously, the Board has appointed Mr. Ranjit Singh as Non-Executive Non-Independent Director (Additional) effective May 25, 2026. Mr. Singh brings extensive experience with an engineering degree from BITS Pilani and MBA from IIM Ahmedabad, having previously served as an Independent Director on the company's board for 10 years. He is not related to any existing director or KMP of the company.
This is a routine board change with a smooth transition plan already in place. The appointment of an experienced director like Mr. Singh suggests continuity in governance. The resignation of a long-tenured director may attract some investor attention but appears to be amicable.