Chairman and Whole-Time Director resigns; two new directors appointed

Key managerial personnel resignedPromoter family joins the boardManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-2.1%Reaction day

₹125.00

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Nifty Microcap 250market · in no size index; the smallest one is usedpendingvs market: pending

Plastic Products - Consumer peers, median of 6sector-1.0%-1.1% vs sector

On the reaction day the stock moved 1.1 pts less than its Plastic Products - Consumer peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Plastic Products - Consumer peers, median of 6Pending

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AI summary

Bhaskar M. Parekh resigned as Chairman and Whole-Time Director for personal reasons, effective November 6, 2026. Dilip M. Parekh was redesignated Chairman and Managing Director. Hitendra B. Bhalaria was appointed an independent non-executive director and Shriya V. Chaudhary a whole-time director, each for five years, subject to shareholder approval. Unaudited results for the quarter and half year ended September 30, 2026 were approved.

Likely market impact

The chairman's exit may weigh on sentiment, but the managing director remains in charge and takes the chairman role.