REGULAR APPOINTMENT OF MR. RAJESH CHINUBHAI SUTARIA AS NON PROMOTER NON EXECUTIVE INDEPENDENT DIRECTOR AND MRS. NIKITA RAJAN SHAH AS NON PROMOTER NON EXECUTIVE INDEPENDENT WOMAN DIRECTOR ....
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Shree Ganesh Elastoplast Ltd has appointed Mr. Rajesh Chinubhai Sutaria and Mrs. Nikita Rajan Shah as Non-Promoter, Non-Executive Independent Directors for a 5-year term from 26/09/2025 to 25/09/2030, following shareholder approval at the 31st AGM on 26/09/2025. Mr. Sutaria is a commerce graduate with 35+ years of experience in accounts and finance, currently an independent director on 6 listed companies; Ms. Shah is an MBA with 15+ years in general administration and HR. Both hold NIL equity shares in the company. The appointments follow the resignation of Mrs. Binaben Vijaybhai Patel (Independent Director) and the death of Mr. Harish Ratilal Mehta, prompting reconstitution of the Audit, Nomination & Remuneration, and Stakeholders Relationship committees, with Mr. Sutaria chairing the Audit Committee and Ms. Shah chairing the Nomination & Remuneration Committee.
Routine board refreshment with new independent directors strengthens governance compliance but is unlikely to move the stock price significantly. Shareholders should note that two prior directors exited (one resignation, one death) which triggered these appointments.