The Board of Directors on its meeting held on 01.12.2025 considered and approved the appointment and resignation of directors.
Awaiting price reaction for this filing.
On December 1, 2025, the board of Tulsi Extrusions approved the appointment of Mr. Rajat Bansal as a Non-Executive Non-Independent Director (he is related to the promoters) and Mr. Varun Mangla as a Non-Executive Independent Director for a 5-year term, both subject to shareholder approval. Two Whole-Time Directors, Mr. Manoj Bindal and Mr. Yash Bindal, resigned effective close of business on November 30, 2025, citing personal preoccupations, with no other material reasons disclosed. The Audit, Nomination and Remuneration, and Stakeholders Relationship committees were reconstituted with the new directors. Mr. Varun Mangla, an independent director with finance and accounts experience, will chair all three reconstituted committees.
Two Whole-Time Director exits in a single day is a notable leadership change at a small-cap company, though both cite personal reasons rather than governance issues. The induction of a promoter-connected director (Rajat Bansal) increases promoter representation on the board, which shareholders should factor in during the upcoming approval vote.