Shri Jagdamba Polymers Ltd: Board Approves Management Changes
Shri Jagdamba Polymers Ltd announced outcomes from its Board meeting held on July 6, 2026. Key decisions included the resignation of Director Mr. Vikas Shrikishan Agarwal, the cessation of Mr. Maheshkumar Gaurishanker Joshi as Independent Director upon completing his terms, and the redesignation of Mr. Ramakant Bhojnagarwala from Managing Director to Chairman effective July 7, 2026. The Board also approved the appointment of Mr. Aalay Mehta and Mr. Hardik Shah as Additional Directors (Non-Executive Independent) for a five-year term, subject to shareholder approval. Consequently, the company will reconstitute its Audit Committee, Nomination and Remuneration Committee, Stakeholder Relationship Committee, and CSR Committee.
Key Highlights
- Director resignation and cessation of Independent Director noted.
- Managing Director redesignated as Chairman effective July 7, 2026.
- Two new Non-Executive Independent Directors appointed for 5-year terms.
- Board committees to be reconstituted following management changes.
Price Impact
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