Announced Wed, 15 Jul, 2026 · 18:48 IST
Promact Plastics reappoints Mr. Ankit J. Patel as Managing Director for 3 years
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
The Board of Promact Plastics has reappointed Mr. Ankit J. Patel as Managing Director for 3 years effective 17th July 2026, subject to shareholder approval at the 42nd AGM. He holds a 7.40% stake (4,81,939 shares) and is a relative of Director Ms. Nikita J. Patel. The reappointment follows the recommendation of the Nomination and Remuneration Committee.
Likely market impact
Continuity in leadership with the existing Managing Director. Shareholder approval pending at the upcoming AGM.