Chemplast Sanmar Limited appointed Prashanth Vasu as a Non-Executive and Non-Independent Director with effect from October 9, 2026. The appointment fills the casual vacancy arising from the resignation of V S Radhakrishnan.

The Board approved Vasu's appointment based on the recommendation of the Nomination and Remuneration Committee. The decision was taken during a meeting held on October 9, 2026, which commenced at 4:10 pm and concluded at 4:25 pm. The appointment is subject to shareholder approval.

Profile and background

Prashanth Vasu brings extensive experience in industrial engineering and strategic management. He holds a Bachelor's degree in Mechanical Engineering from IIT Madras, a Master's in Industrial Engineering from Texas A&M University, and an MBA from the Indian School of Business, Hyderabad. His professional journey includes an 18-year tenure at McKinsey & Company as a Partner, followed by a role as President and SBU Head at Ramco Systems.

He joined The Sanmar Group in February 2024. Prior to his corporate leadership roles, he began his career at Sanmar PTI Filters in 1997. Vasu serves on the boards of several other entities within the group ecosystem, including Xomox Sanmar Limited and Chemplast Cuddalore Vinyls Limited.

Board composition changes

Following this appointment, the composition of the Board of Directors comprises five Independent Directors and three Non-Independent Directors. The company confirmed that Vasu is not related to any existing Director and is not debarred from holding office by SEBI or any other authority.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company secretary and compliance officer, P Srinivasan, signed off on the intimation to BSE and NSE.

Chemplast Sanmar has accepted the resignation of V S Radhakrishnan as Non-Executive Non-Independent Director. The departure takes effect from September 15, 2026.

The company disclosed the change under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Radhakrishnan cited other professional preoccupations as the reason for stepping down.

Resignation Details

Radhakrishnan submitted his resignation letter dated September 15, 2026. The Board acknowledged receipt of the letter and confirmed the cessation date.

Regulatory Compliance

The intimation was issued to BSE Limited and National Stock Exchange of India Limited on September 16, 2026. The disclosure complies with Schedule III Part A Para A [7 & 7(C)] of the SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

P Srinivasan, Company Secretary and Compliance Officer, signed the communication. Radhakrishnan thanked the Board and management for their support during his tenure.