Polymechplast Machines Ltd.: Board Appoints New Director, Reconstitutes Committees

Polymechplast Machines Ltd. announced on August 27, 2026, the appointment of Mr. Devang Rasiklal Shah as an Additional Director. He will serve as a Non-Executive Independent Director for five years. Following this, the company has reconstituted its Audit Committee and Nomination and Remuneration Committee, reflecting a shift in board composition and governance oversight.

Board Appointment and Reconstitution

Polymechplast Machines Ltd., on August 27, 2026, informed the BSE of significant changes to its Board of Directors and key committees. The Board has appointed Mr. Devang Rasiklal Shah (DIN: 11912406) as an Additional Director. Mr. Shah’s tenure as an Additional Director will extend up to the next Annual General Meeting. He has also been designated as a Non-Executive Independent Director, not liable to retire by rotation, for a term of five consecutive years commencing from August 27, 2026.

Reconstitution of Board Committees

As a consequence of these changes, the Board has also approved the reconstitution of its various Board Committees, effective from August 27, 2026. The changes impact the Audit Committee and the Nomination and Remuneration Committee.

A. Audit Committee

The updated composition of the Audit Committee is as follows:

B. Nomination and Remuneration Committee

The updated composition of the Nomination and Remuneration Committee is as follows:

C. Stakeholders Relationship Committee

The Stakeholders Relationship Committee has also been updated with the following members:

Source: BSE