Promact Plastics Re-appoints Ankit J. Patel as MD for 3 Years

Promact Plastics Ltd announced that its Board of Directors, following a recommendation from the Nomination and Remuneration Committee, has re-appointed Mr. Ankit J. Patel as the Managing Director for a term of three years, effective July 17, 2026. This reappointment is subject to shareholder approval at the upcoming 42nd Annual General Meeting. Mr. Patel, who holds a Bachelor of Computer Science & Engineering, brings extensive experience in import/export trading, technology, and management. He currently holds 4,81,939 equity shares, representing 7.40% of the company's equity. He is also 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 regulatory authority.