Captain Polyplast Limited has announced the successful completion of a separate meeting of Independent Directors held on March 30, 2026, in accordance with regulatory requirements under the Companies Act, 2013 and SEBI regulations.

Meeting Details and Compliance

The meeting was conducted at the company's registered office on Monday, March 30, 2026, commencing at 1:00 p.m. and concluding at 1:25 p.m. This meeting was held pursuant to Schedule IV of the Companies Act, 2013 and Regulation 25(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Key Agenda Items Discussed

The Independent Directors conducted a comprehensive review covering three critical areas of corporate governance:

• Board Performance Review: Evaluated the performance of Non-Independent Directors and assessed the Board's effectiveness as a collective entity
• Leadership Assessment: Reviewed the performance of the Chairperson, incorporating perspectives from both executive and non-executive directors
• Information Flow Analysis: Assessed the quality, quantity, and timeliness of information flow between the company's management and the Board to ensure effective decision-making

Regulatory Significance

This separate meeting of Independent Directors represents a mandatory governance practice designed to enhance board effectiveness and ensure independent oversight. The meeting enables Independent Directors to evaluate board dynamics and management performance without the presence of executive management, fostering transparent governance practices.

The company has formally communicated the meeting outcome to BSE Limited, ensuring compliance with disclosure requirements and maintaining transparency with stakeholders and regulatory authorities.

Captain polyplast Limited has received a credit rating upgrade from Informatics Valuation and Ratings Ltd, marking an improvement in the company's creditworthiness assessment. The company announced this development to BSE Limited on March 19, 2026.

Credit Rating Enhancement Details

The rating agency has assigned upgraded credit ratings across both long-term and short-term facilities for Captain Polyplast Limited. The enhancement reflects improved financial standing and credit profile of the company.

Corporate Communication

The announcement was made through an official communication to the Department of Corporate Services at BSE Limited. Managing Director Rameshbhai Devrajbhai Khichadia signed the disclosure, emphasizing the company's commitment to transparent communication with stakeholders.

Rating Agency Information

Informatics Valuation and Ratings Ltd conducted the rating assessment that resulted in the upgrade. The detailed press release from the rating agency provides comprehensive information about the rating rationale and can be accessed through their official platform.

Company Profile

Captain Polyplast Limited operates from its registered office in Rajkot, Gujarat, with head office and works located at Shapar (Veraval). The company maintains its corporate presence through established communication channels and continues to fulfill its regulatory obligations as a listed entity on BSE.