Appointment of one Additional Non-Executive Non-Independent Director and two Additional Non Executive Independent Director
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Triliance Polymers Limited held a board meeting on 13th February 2026 and approved several items. The company reported unaudited financial results for Q3 FY26 and nine months ended December 2025, showing nil revenue from operations with other income of Rs. 13.39 lakhs in Q3 and Rs. 40.18 lakhs for nine months; profit after tax stood at Rs. 8.93 lakhs for the quarter and Rs. 19.27 lakhs for nine months (EPS of Rs. 0.17 and Rs. 0.38 respectively). The board appointed three new directors: Mr. Molin Parekh as Non-Executive Non-Independent Director (son-in-law of existing Director Mrs. Manisha Shah), and Mr. Abhishek Shashikant Agrawal and Mr. Ketan Vyas as Non-Executive Independent Directors, each for a one-year term subject to shareholder approval. Additionally, M/s CVM & Co. LLP was appointed as Internal Auditor for FY25-26, and board committees were reconstituted with the new independent directors heading the Audit and Nomination & Remuneration Committees.
The financial results show the company continues to have no core operating revenue, relying entirely on other income. The induction of a family member of an existing director onto the board may raise governance concerns for some shareholders, though the appointment of two qualified independent directors (a Chartered Accountant and a Company Secretary) strengthens board expertise. No material stock price impact is expected from these routine governance changes.