Commercial Syn Bags Limited has re-appointed Anil Choudhary as Chairman and Managing Director for a further period of three years, effective February 20, 2027. The board also approved the re-appointment of Ranjana Choudhary as Whole-time Director and Key Managerial Personnel for a similar three-year term starting June 1, 2027.

The decision follows the recommendation of the Nomination and Remuneration Committee. It was ratified by the Board of Directors in a meeting held on September 5, 2026, and subsequently approved by shareholders during the company's 42nd Annual General Meeting on September 29, 2026.

Leadership continuity details

The re-appointments ensure stability in the top management structure of the plastic packaging manufacturer. Both directors are key promoters associated with the company's long-term growth strategy.

Director profiles

Anil Choudhary, aged 68, serves as the Promoter, Chairman, and Managing Director. He has been associated with the company since its incorporation and brings over four decades of experience in the plastic packaging industry. His role involves providing strategic leadership and overseeing overall management and operations.

Ranjana Choudhary, aged 45, is the Whole-time Director. She holds a Bachelor's degree in Commerce and a Master's degree in Computer Management from North Maharashtra University, Jalgaon. With over 16 years of experience in administration, management, and the plastic packaging sector, she oversees administrative and operational functions.

Regulatory compliance

The company filed the intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made to BSE Limited and the National Stock Exchange of India Limited on October 1, 2026. The company confirmed that both directors have not been debarred from holding office by any order passed by the Securities and Exchange Board of India or other authorities.

Commercial Syn Bags Limited declared a final dividend of ₹0.50 per equity share (5% on face value of ₹10) for FY26. The payout was approved by shareholders during the 42nd Annual General Meeting held on September 29, 2026.

The dividend will be credited to the registered bank accounts of eligible shareholders. Entitlement is determined based on the Register of Members and depository records as of the cut-off date, September 22, 2026. This announcement follows the conclusion of the AGM, where all eight agenda items, including promoter warrants and director re-appointments, were approved.

Agenda items and voting outcomes

The Board presented eight agenda items. Ordinary business included the adoption of standalone and consolidated audited financial statements for FY26 and the declaration of the dividend. Special business focused on governance continuity and capital structure adjustments. All resolutions were passed successfully.

Capital structure and related party transactions

A significant portion of the special business involved capital raising mechanisms. The Board sought authority to issue warrants convertible into equity shares of ₹10 each on a preferential basis to the Promoters and Promoter Group. This move indicates a potential dilution or recapitalization strategy involving insider participation. The specific details regarding the number of warrants and price were part of a corrigendum issued prior to the meeting.

Additionally, shareholders approved an increase in limits under Section 186 of the Companies Act, 2013. This empowers the Board to make investments, extend loans, and provide guarantees or securities. The final item concerned the approval of material related party transactions under Section 188 of the Companies Act, 2013, read with Regulation 23 of SEBI (LODR) Regulations, 2015.

Voting and attendance details

The meeting was conducted through Video Conferencing and Other Audio-Visual Means, complying with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Central Depository Services (India) Limited provided the e-voting infrastructure. Statutory auditor CA Ashok Kumar Agarwal and secretarial auditor CS Ishan Jain attended as special invitees.

As of the cut-off date of September 22, 2026, the company had 5,827 members. A total of 64 members participated in the meeting through VC/OAVM. Remote e-voting commenced on September 26, 2026, and ended on September 28, 2026. CS Ishan Jain served as the scrutinizer. The results were declared by the Chairman on October 1, 2026. The total votes polled represented 34.05% of the outstanding shares.