Announcement under Regulation 30 (LODR)-Change in Directorate
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.7 pts more than Nifty Microcap 250 and 5.7 pts more than its Paper, Forest & Jute Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Pratik Panels Ltd's board, in a meeting held on January 20, 2026, accepted the resignations of Mr. Pratik Satish Patil (Whole-Time Director & CFO) and Mrs. Ashma Dilip Phadnis (Non-Executive Independent Director), both effective the same day citing personal/professional commitments. To fill these vacancies, the board appointed Mr. Swapnil Shimpi as the new Whole-Time Director & CFO for a 3-year term starting January 21, 2026, subject to shareholder approval. Mrs. Bhumika Nair was appointed as an Additional Non-Executive Independent Director for a 5-year term, also starting January 21, 2026. Both new appointees were confirmed as not debarred by SEBI or disqualified under Section 164 of the Companies Act, 2013.
Smooth like-for-like succession at the CFO and independent director level should limit operational or governance disruption, though shareholders will need to approve the new appointments at the next AGM. The simultaneous exit of a KMP and an independent director on the same day is a notable governance event to monitor.