Reconsitution of Committees
Price
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Awaiting price reaction for this filing.
Triliance Polymers' board met on 13 February 2026 and approved several changes. Three new directors were appointed: Mr. Molin Parekh as Additional Non-Executive Non-Independent Director, and Mr. Abhishek Shashikant Agrawal and Mr. Ketan Vyas as Additional Non-Executive Independent Directors for one-year terms. Mr. Parekh is the son-in-law of existing director Mrs. Manisha Shah, bringing a family connection onto the board. The company also appointed M/s CVM & Co. LLP as internal auditors for FY25-26 and reconstituted the Audit, Nomination & Remuneration, and Stakeholders Relationship committees with the new independent directors. Q3 FY26 results showed total income of ₹13.39 lakhs (flat year-on-year) and net profit of ₹8.93 lakhs, with nine-month profit rising to ₹19.27 lakhs from ₹17.91 lakhs a year ago.
The addition of two independent directors strengthens board oversight and brings fresh expertise in finance and compliance, which is a positive governance step. However, the entry of a family member (son-in-law) as a non-independent director may raise concerns about promoter influence on the board. Financial performance remains marginal, with no core revenue from operations — only other income — so the stock is unlikely to see meaningful price movement on these changes alone.