The Board of Directors of PG Electroplast Limited convened on Tuesday, March 24, 2026, and approved the proposal to seek shareholder approval via a Postal Ballot. The key resolutions concern the reappointment of two Independent Directors: Mr. Ram Dayal Modi for a second five-year term starting May 26, 2026, and Mrs. Ruchika Bansal for a second five-year term beginning August 14, 2026. The notice for the ballot will be dispatched soon.
Outcome of Board Meeting on March 24, 2026
PG Electroplast Limited announced the outcome of its Board of Directors meeting held on Tuesday, March 24, 2026. In compliance with disclosure requirements, the Board inter-alia considered and approved the drafting of a Postal Ballot Notice to secure shareholder approval for significant director appointments.
Key Director Reappointments Requiring Shareholder Approval
The primary focus of the proposed Postal Ballot is the reappointment of two key Independent Directors to ensure continuity on the Board:
- Mr. Ram Dayal Modi (DIN:03047117): Approval is sought for his reappointment as an Independent Director for a second consecutive term of five years, effective from May 26, 2026. This resolution also covers the continuation of his directorship beyond attaining the age of 75 years.
- Mrs. Ruchika Bansal (DIN:06505221): The Board approved seeking approval for her reappointment as an Independent Director for a second consecutive term of five years, commencing from August 14, 2026.
The formal Notice for this Postal Ballot will be circulated to shareholders and submitted to the Stock Exchanges in due course.
Board Meeting Details and Authorization for Disclosures
The Board meeting commenced at 04:15 P.M. and concluded at 05:30 P.Μ. Furthermore, pursuant to relevant regulations, the Board ratified the details of Key Managerial Personnel (KMPs) authorized to determine the materiality of events and make requisite disclosures to the stock exchanges, as detailed in Annexure – A.
Authorized Personnel for Materiality Determination (Annexure A Summary)
The following Key Managerial Personnel are authorized to handle disclosures:
| Name | Designation | Contact Email |
|---|---|---|
| Mr. Vishal Gupta | Managing Director – Finance | N/A |
| Mr. Vikas Gupta | Managing Director – Operations | [email protected] |
| Mr. Pramod Gupta | Chief Financial Officer | N/A |
| Mr. Deepesh Kedia | Company Secretary & Compliance Officer | N/A |
The information disseminated today is also publicly available on the company website, www.pgel.in.
Source: BSE
