Promact Impex Ltd

Promact Plastics Ltd announced board meeting outcomes including the resignation of two Independent Directors, Mr. Akash D. Patel and Mr. Krunalkumar P. Patel, effective July 29, 2026. The board also approved the appointment of Mr. Prakashchandra D. Patel and Mr. Babubhai H. Patel as Additional Directors (Non-Executive & Independent) for five-year terms, subject to shareholder approval. The 42nd Annual General Meeting (AGM) is scheduled for September 14, 2026, via Video Conferencing, with remote e-voting available from September 11 to September 13, 2026. Additionally, M/s. Kashyap R Mehta & Partners were appointed as Secretarial Auditors for five years.

Promact Plastics Ltd announced the appointment of Mr. Prakashchandra D. Patel and Mr. Babubhai H. Patel as Additional Directors (Non-Executive & Independent) for a five-year term starting July 29, 2026, subject to shareholder approval at the 42nd Annual General Meeting (AGM). The AGM is scheduled for September 14, 2026, conducted via Video Conferencing. The company also approved the appointment of M/s. Kashyap R Mehta & Partners as Secretarial Auditors for five years from FY 2026-27. The resignations of Mr. Akash D. Patel and Mr. Krunalkumar P. Patel as Independent Directors, effective July 29, 2026, were noted. The Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee were re-constituted.

Promact Plastics Ltd announced key decisions from its Board of Directors meeting. The 42nd Annual General Meeting (AGM) is scheduled for September 14, 2026, at 3:00 p.m. IST, to be conducted via Video Conferencing (VC)/Other Audio Visual Means (OAVM). Remote e-voting will commence on September 11, 2026, at 9:00 a.m. and conclude on September 13, 2026, at 5:00 p.m. The cut-off date for e-voting eligibility is September 7, 2026. The board also approved the appointment of Mr. Prakashchandra D. Patel and Mr. Babubhai H. Patel as Additional Directors (Non-Executive & Independent) for five years, subject to shareholder approval. M/s. Kashyap R Mehta & Partners were appointed as Secretarial Auditors for five years. The board noted the resignations of Mr. Akash D. Patel and Mr. Krunalkumar P. Patel as Independent Directors, effective July 29, 2026. The Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee were re-constituted.

Promact Plastics Ltd announced that its Board of Directors, in a meeting held today, has decided on the date for the 42nd Annual General Meeting (AGM) to be held on September 14, 2026, via Video Conferencing. The board also approved the appointment of Mr. Prakashchandra D. Patel and Mr. Babubhai H. Patel as Additional Directors (Non-Executive & Independent) for five years, subject to shareholder approval. Additionally, M/s. Kashyap R Mehta & Partners have been appointed as Secretarial Auditors for five years. The board also noted the resignations of Mr. Akash D. Patel and Mr. Krunalkumar P. Patel as Independent Directors, effective July 29, 2026. The company has facilitated e-voting for shareholders.

Promact Plastics Ltd announced that its Board of Directors has decided to convene the 42nd Annual General Meeting (AGM) on Monday, September 14, 2026, at 3:00 p.m. IST via Video Conferencing (VC)/Other Audio Visual Means (OAVM). The company will offer remote e-voting from September 11, 2026, 9:00 a.m. to September 13, 2026, 5:00 p.m. The cut-off date for e-voting entitlement is September 7, 2026. Additionally, the board approved the appointment of Mr. Prakashchandra D. Patel and Mr. Babubhai H. Patel as Additional Directors (Non-Executive & Independent) for five years, subject to shareholder approval. The resignation of Mr. Akash D. Patel and Mr. Krunalkumar P. Patel as Independent Directors, effective July 29, 2026, was noted. The appointment of M/s. Kashyap R Mehta & Partners as Secretarial Auditors for five years was also approved.

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.

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.

Jayantibhai Somabhai Patel, along with Persons Acting in Concert (PACs), has acquired 1,46,101 equity shares of Promact Plastics Limited on June 3, 2026. This acquisition, made through open market purchase, increases Jayantibhai Somabhai Patel's direct holding to 9.42% and the total promoter group holding to 40.37%. The disclosure was made in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Promact Plastics Limited has disclosed that promoter Jayantibhai Somabhai Patel acquired 99,591 equity shares of the company via an open market transaction on May 29, 2026. Following this acquisition, the promoter's individual stake increased to 7.10%. The disclosure, filed under Regulation 29(2) of SEBI (SAST) Regulations, also notes the divestment of shares by other Persons Acting in Concert (PAC), specifically Patel Sachin Narottambhai and Krishnaben Dharmendrabhai Patel, resulting in a net change in the promoter group's total shareholding from 40.42% to 40.30%.

Promact Plastics Ltd has appointed Kashyap R. Mehta & Partners, Company Secretaries, Ahmedabad, as the Secretarial Auditors of the company due to the resignation of the previous auditor. The appointment is for the financial year 2025-26, up to the date of the ensuing Annual General Meeting. The Board also approved the audited standalone financial results for the financial year 2025-26, reporting a loss of ₹72.42 Lakhs.