
Management Change23 May 2026, 08:30 pm
Polyplex: Sanjiv Chadha Resigns, Ranjit Singh Appointed Director
AI Summary
Polyplex Corporation Ltd announced the resignation of Mr. Sanjiv Chadha as Non-Executive Non-Independent Director, effective May 23, 2026. Simultaneously, the Board approved the appointment of Mr. Ranjit Singh as a Non-Executive Non-Independent Director (Additional), effective May 25, 2026. Mr. Singh is liable to retire by rotation and has confirmed he is not debarred by SEBI from holding the position. The decisions were made during a Board meeting held on May 23, 2026, following recommendations from the Nomination and Remuneration Committee.
Key Highlights
- Sanjiv Chadha resigned as Non-Executive Non-Independent Director effective May 23, 2026.
- Ranjit Singh appointed as Non-Executive Non-Independent Director (Additional) effective May 25, 2026.
- Ranjit Singh previously served as an Independent Director for 10 years.
- Board meeting held on May 23, 2026, approved the changes based on committee recommendations.
Price Impact
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