Chemplast Sanmar Ltd

Chemplast Sanmar Ltd has announced that its Board of Directors will convene on November 4, 2026, to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026. The meeting will also include a review of the trading window closure, which will remain shut for designated persons from October 1, 2026, until November 6, 2026, in accordance with SEBI regulations.

Chemplast Sanmar Limited announced its plan to acquire a 27% equity stake in Yesaryes Energy Private Limited for ₹45 Lakhs. This strategic investment will enable Chemplast Sanmar to source green energy, specifically solar power, through a Power Purchase Agreement with Yesaryes Energy. Yesaryes Energy operates a 37.5 MW solar power plant in Tamil Nadu. The acquisition is expected to help reduce the company's energy costs and support its sustainability goals by utilizing environment-friendly solar power for captive consumption. The transaction does not involve related parties and is expected to be completed within statutory time limits.

Chemplast Sanmar Ltd. announced the appointment of Mr. Prashanth Vasu (DIN: 11278134) as a Non-Executive and Non-Independent Director, effective October 9, 2026. This appointment fills the casual vacancy created by the resignation of Mr. V S Radhakrishnan. Following this change, the company's Board of Directors will comprise 5 Independent Directors and 3 Non-Independent Directors. Mr. Vasu, 54, holds degrees from IIT Madras, Texas A&M University, and ISB, and has prior experience with Ramco Systems and McKinsey & Company.

Chemplast Sanmar Ltd announced the appointment of Mr. Prashanth Vasu (DIN: 11278134) as a Non-Executive and Non-Independent Director, effective October 9, 2026. This appointment fills the casual vacancy created by the resignation of Mr. V S Radhakrishnan. Mr. Vasu, 54, holds degrees from IIT Madras, Texas A&M University, and ISB Hyderabad. He previously served as President and SBU Head of Logistics & ERP at Ramco Systems and spent 18 years as a Partner with McKinsey & Company. He also serves on the boards of other public and private companies. Following this appointment, the board will comprise 5 Independent Directors and 3 Non-Independent Directors.

Chemplast Sanmar Ltd has announced the closure of its trading window for dealing in equity shares. This closure is in compliance with the company's 'Code of Conduct' for Prevention of Insider Trading, as per SEBI regulations. The window will be shut for designated persons and their immediate relatives from October 1, 2026, until two clear trading days after the communication of the unaudited financial results for the quarter and half-year ending September 30, 2026. This measure is standard practice to prevent potential insider trading during periods of sensitive financial information disclosure.

Chemplast Sanmar Ltd has announced the recommencement of operations at its Ethylene-Di-Chloride (EDC) manufacturing plant in Karaikal, Puducherry. The plant's operations were previously disrupted and subject to a prohibition order following an incident. The company has implemented corrective measures, leading to the provisional revocation of the prohibition order by the Inspector of Factories and the Puducherry Pollution Control Committee (PPCC). Operations resumed today, September 25, 2026, subject to certain conditions. The PPCC will review the situation before issuing a final revocation order. The estimated damage to the plant and machinery is Rs. 5 Crores, and insurance claims have been intimated with loss assessment ongoing. The full financial impact on production and financials is yet to be quantified.

Chemplast Sanmar Ltd announced the resignation of Mr. V S Radhakrishnan, Non-Executive Non-Independent Director, from the Board of Directors, effective September 15, 2026. The resignation is due to other professional preoccupations. The company has provided the necessary disclosures as per SEBI Listing Regulations.

Mirae Asset Mutual Fund has disclosed the disposal of 19,983 equity shares, representing 0.01% of the total voting capital, in Chemplast Sanmar Ltd. The transaction occurred on September 4, 2026, via open market sale. Following this disposal, Mirae Asset Mutual Fund's holding in Chemplast Sanmar has reduced to 381,004 shares, constituting 0.24% of the total voting capital. The total diluted share capital of Chemplast Sanmar after the sale is approximately 198,109,574 shares.

Chemplast Sanmar Ltd has received approval from the Central Government, Ministry of Corporate Affairs, for the appointment of Mr Ganeshkumar Subramanian (DIN:00088163) as the Managing Director. This approval is for a term of three years, effective from April 1, 2026. The company had previously communicated the outcome of its board meeting on January 10, 2026, and the postal ballot voting results on March 23, 2026, which paved the way for this appointment. The official communication regarding the government's approval was received by the company on August 27, 2026.

Chemplast Sanmar Ltd has officially denied a news report suggesting it had entered into a definitive agreement to acquire Symed Labs Limited. While not legally obligated to respond to such rumors, the company stated its denial as a matter of good practice. The company became aware of the news through a Google Alert. This clarification aims to address market speculation and provide accurate information to stakeholders.