Appointment of Smt. Durga Ramji , Non-Executive Director as Managing Director & Appointment of Smt Shwetha Ramji as Additional Director of the Company.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Polyspin Exports Ltd's Board has approved two key appointments effective May 29, 2026. Smt. Durga Ramji (54), previously a Non-Executive Director and Promoter of the company with 30 years in the woven sack industry, has been elevated to Managing Director & Key Managerial Personnel for 3 years, subject to shareholder approval at the AGM. Simultaneously, Smt. Shwetha Ramji (31), who served as VP-Operations from April 2023 to May 2026 and previously worked at Deloitte's Risk Advisory practice, has been appointed as Additional Director. Both appointees are related to each other, indicating a promoter family consolidation on the board.
The appointment of a promoter family member as Managing Director, replacing the prior leadership structure, signals increased family control over operations. The elevation of an internal VP with professional credentials (ACCA, University of Bath) to the board may bring fresh operational expertise while maintaining family governance.