Promact Plastics MD Reappointment for 3 Years Pending Shareholder Approval

Promact Plastics Ltd announced that its Board of Directors has re-appointed Mr. Ankit J. Patel as Managing Director for a period of three years, effective July 17, 2026. This reappointment is subject to the approval of the company's shareholders at the upcoming Annual General Meeting. Mr. Patel, who holds 7.40% of the company's equity shares, has extensive experience in import/export trading, technology, and management. He is a relative of Ms. Nikita J. Patel, another director on the board. The company affirmed that Mr. Patel is not debarred from holding a director's office by any SEBI order.