Axel Polymers Limited has announced the reappointment of Mr. Gaurav Thanky as Managing Director and Mr. A.B. Bodhanwala as Non-Executive Director. Both reappointments are effective from 01st October, 2026, and are subject to shareholder approval. Mr. Thanky’s term is for five years, and both directors will be liable to retire by rotation. The company provided detailed information regarding these appointments as per SEBI regulations.
Leadership Appointments Approved
The Board of Directors of Axel Polymers Limited has approved the reappointment of two key individuals to significant leadership positions within the company. This decision was made during a Board meeting held on Friday, 14th August, 2026.
Managing Director Reappointment
Mr. Gaurav Thanky (DIN: 02565340) has been reappointed as the Managing Director of Axel Polymers Limited. This reappointment will take effect from 01st October, 2026, and is contingent upon the subsequent approval of the company’s shareholders. Mr. Thanky’s reappointment is for a term of five (5) years, with his remuneration to be decided and subject to shareholder approval. He will also be liable to retire by rotation.
Non-Executive Director Reappointment
Concurrently, Mr. A.B. Bodhanwala (DIN: – 00421362) has been reappointed as a Non-Executive Director. This reappointment is also effective from 01st October, 2026, and requires shareholder approval. Similar to the Managing Director, his reappointment is subject to the approval of shareholders at the upcoming General Meeting and he shall be liable to retire by rotation. Information regarding relationships with other directors indicates that Mrs. Dhara Thanky, wife of Mr. Gaurav Thanky, is a Non-Executive Director.
Disclosure and Compliance
The company has provided detailed information as required by Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the relevant SEBI Master Circular. The Board meeting in which these decisions were made commenced at 03:51 PM and concluded at 04:20 PM.
Source: BSE
