The Board of Directors at their meeting held today ratified and approved the appointment of Mr. Vinod Kanubhai Rana (ICSI Membership No. A47963) as a Company Secretary and Compliance Officer ....
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Premier Synthetics' board, at its meeting on 19th July 2025, ratified the appointment of Mr. Vinod Kanubhai Rana (ICSI Member No. A47963) as Whole-Time Company Secretary and Compliance Officer, originally recommended by the Nomination and Remuneration Committee on 7th June 2025. Mr. Rana is not related to any director or promoter and is returning to the role, having previously served as Company Secretary from 10th October 2018 to 31st May 2021. The board also approved related party transactions worth INR 50 crore with Premier Spintex Pvt Ltd, INR 25 crore with Sun Insulators Pvt Ltd, and INR 5 crore with Vijay Stationeries Pvt Ltd — all companies having common directors — aggregating INR 80 crore.
The reappointment brings continuity to compliance functions, but the sizeable related party transactions (totalling ~INR 80 crore) with common-director entities warrant shareholder attention as they involve potential conflict-of-interest concerns.