StockWatch
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AGM/EGM14 Sept 2026, 06:50 pm

Promact Plastics Ltd: MD Reappointed for 3 Years

AI Summary

Promact Plastics Ltd announced that shareholders have approved the re-appointment of Mr. Ankit J. Patel as Managing Director for a period of three years, effective July 17, 2026. The approval was granted at the company's 42nd Annual General Meeting (AGM) held on September 14, 2026. Mr. Patel, who holds a Bachelor of Computer Science & Engineering degree, brings extensive experience in import/export trading, technology, and management. He currently holds 7.40% of the company's equity shares and does not hold directorships in any other listed companies. He is a relative of Ms. Nikita J. Patel, a Director on the board.

Key Highlights

  • Shareholders approved re-appointment of MD for three years.
  • Mr. Ankit J. Patel's term begins July 17, 2026.
  • MD holds 7.40% equity stake in Promact Plastics Ltd.
  • No other directorships in listed companies held by MD.