Demise of Shri Rammohanraja Ramji, Promoter & Managing Director and Key Managerial Personnel of the Company
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Polyspin Exports Ltd announces the sudden death of Shri Rammohanraja Ramji (DIN: 00109393) on May 3, 2026 at 2:57 AM. He was the Promoter, Managing Director, and Key Managerial Personnel of the company, serving as MD since April 1, 2013. The company describes his death as an irreparable loss, highlighting his crucial leadership role and contributions to the board and various committees. Under SEBI LODR Regulation 31A(6)(c), he would cease to be a Promoter of the company effective immediately.
The sudden loss of both the Managing Director (CEO-level) and KMP creates a leadership vacuum. The company will need to appoint a new Managing Director, which may require shareholder and board approvals. As a promoter demise, this could also affect the company's promoter group structure and shareholding dynamics.