Chemplast Sanmar Limited has successfully concluded its postal ballot process through electronic voting, with shareholders approving all seven resolutions presented in the notice dated February 7, 2026. The company announced the results on March 23, 2026, following scrutinization by B Ravi & Associates, Company Secretaries.

Voting Process Overview

The postal ballot was conducted entirely through electronic voting (e-voting) facilitated by Kfin Technologies Limited. The voting period extended from February 21, 2026 at 9:00 AM IST to March 22, 2026 at 5:00 PM IST, with February 13, 2026 set as the record date for determining eligible shareholders.

Resolution Results

All seven resolutions were approved with requisite majority, comprising six special resolutions and one ordinary resolution. The voting results demonstrated strong shareholder support across all proposals.

Leadership Appointments

The resolutions included the re-appointment of Mr Ramkumar Shankar as Managing Director for two months from February 1, 2026, and the appointment of Mr S Ganeshkumar as Director effective April 1, 2026, followed by his appointment as Managing Director for three years from the same date.

Independent Director Re-appointments

Four independent directors were re-appointed for second terms of five years each, effective April 26, 2026:

Shareholder Participation Analysis

The voting pattern showed strong participation across different shareholder categories. Promoter and Promoter Group held 86,945,065 shares with 100% voting participation and unanimous support for all resolutions. Public Institutions, holding 61,092,475 shares, achieved 97.71% participation rate, while Public Non-Institutions with 10,072,034 shares recorded 0.78% participation.

Scrutinizer Certification

CS Dr. B Ravi of B Ravi & Associates, appointed as the scrutinizer, confirmed the validity of the voting process and results. The scrutinizer's report verified compliance with applicable provisions of the Companies Act, 2013, SEBI Listing Regulations, and relevant rules governing postal ballot procedures.

The company has fulfilled all regulatory requirements by submitting the voting results and scrutinizer's report to BSE Limited and National Stock Exchange of India Limited, ensuring transparency in the corporate governance process.

Chemplast Sanmar Limited has announced significant changes in its key managerial personnel structure following a board meeting held on March 20, 2026. The company informed BSE Limited and National Stock Exchange of India Limited about the leadership transition as part of a strategic realignment of responsibilities within the organization.

Board Meeting Outcome and Regulatory Compliance

The board of directors took on record that due to realignment of responsibilities, two key executives will be stepping down from their current positions effective close of business hours on March 31, 2026. As recommended by the Nomination and Remuneration Committee, the board approved new appointments effective April 1, 2026.

The board meeting commenced at 5.15 PM and concluded at 5.30 PM on March 20, 2026. The company has also authorized the new key managerial personnel under Regulation 30(5) of SEBI Listing Regulations for determining materiality of events and making disclosures to stock exchanges.

New Chief Financial Officer Profile

A R Balaji, aged 60 years, brings extensive experience to his new role as Chief Financial Officer. His educational background includes a Post-Graduation degree in Financial Management from University of Madras and an Executive Master of Business Administration from Great Lakes Institute of Management.

Balaji currently serves as the head of Treasury function of The Sanmar Group across all businesses, bringing approximately 40 years of experience in Corporate Finance and Treasury. His career highlights include:

In his four-decade career, apart from fund raising activities, he has rich experience in business transformation, strategy formulation, planning and project management. He is well respected in the financial markets and has worked extensively with domestic and international banks.

New Company Secretary Appointment

P Srinivasan, aged 60 years, has been appointed as the new Company Secretary and Compliance Officer. He is an Associate Member of the Institute of Company Secretaries of India with membership number ACS 10129 and holds a Bachelor's Degree in General Laws from Madurai Kamaraj University.

Srinivasan brings over two decades of experience in corporate governance, compliance management, and secretarial functions across listed companies. He has been associated with the company since October 2021, currently holding the position of Senior Vice President – Secretarial. Prior to joining the company, he served as Company Secretary and Compliance Officer of TVS Srichakra Limited.

Authorization and Stock Exchange Communication

The company has communicated these changes to both BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The leadership changes represent a strategic realignment within the organization as the company continues its operations in the chemical manufacturing sector. Both incoming executives bring substantial industry experience and expertise to their respective roles.