National Plastic Industries Limited Re-appoints Independent Director Through Postal Ballot
National Plastic Industries Limited completed its postal ballot process for re-appointing Mr. Vipul Amul Desai as Independent Director for a second 5-year term starting February 12, 2026. The special resolution received exceptional shareholder support with 99.9989% approval, as 30 members voted electronically for 29,39,694 shares with only 32 shares voting against. The e-voting process was conducted through CDSL platform from March 12 to April 10, 2026, with Ms. Ragini Chokshi serving as scrutinizer to ensure regulatory compliance.
*this image is generated using AI for illustrative purposes only.
National Plastic Industries Limited has successfully completed its postal ballot process for the re-appointment of Mr. Vipul Amul Desai as Independent Director. The company announced on April 13, 2026, that shareholders have approved the special resolution with an overwhelming majority, demonstrating strong confidence in the director's continued leadership.
Voting Results and Outcome
The postal ballot results showed exceptional shareholder support for Mr. Desai's re-appointment. A total of 30 members participated in the e-voting process, casting votes for 29,39,694 shares. The voting outcome demonstrates clear confidence in the director's capabilities and contribution to the company's governance.
| Voting Summary: | Details |
|---|---|
| Total Valid Votes Cast: | 29,39,694 shares |
| Votes in Favour: | 29,39,662 shares |
| Votes Against: | 32 shares |
| Approval Percentage: | 99.9989% |
| Members Participated: | 30 |
Director Re-appointment Details
Mr. Vipul Amul Desai will serve as Independent Director for a second term of 5 years commencing from February 12, 2026. His Director Identification Number (DIN) is 02074877. The re-appointment was processed as a special resolution, requiring higher approval thresholds under corporate governance norms.
| Appointment Parameters: | Information |
|---|---|
| Director Name: | Mr. Vipul Amul Desai |
| DIN: | 02074877 |
| Position: | Independent Director |
| Term Duration: | 5 years |
| Commencement Date: | February 12, 2026 |
| Resolution Type: | Special Resolution |
E-Voting Process and Timeline
The company conducted the postal ballot exclusively through electronic voting, following regulatory guidelines. The e-voting period commenced on March 12, 2026 at 09:00 A.M. and concluded on April 10, 2026 at 05:00 P.M. The cut-off date for determining eligible shareholders was March 06, 2026.
Central Depository Services (India) Limited provided the e-voting platform services. The company dispatched postal ballot notices electronically to all eligible members on March 10, 2026, adhering to digital communication protocols established under regulatory circulars.
Category-wise Voting Breakdown
The voting results showed strong support across different shareholder categories, with promoter and promoter group showing unanimous support:
| Shareholder Category: | Shares Held | Votes Polled | Polling % | Votes in Favour | Approval % |
|---|---|---|---|---|---|
| Promoter and Promoter Group: | 51,72,365 | 29,38,130 | 56.8044% | 29,38,130 | 100.0000% |
| Public Non-Institutions: | 39,57,135 | 1,564 | 0.0395% | 1,532 | 97.9540% |
| Public Institutions: | 100 | 0 | 0.0000% | 0 | 0.0000% |
Regulatory Compliance and Scrutinizer Report
Ms. Ragini Chokshi of Ragini Chokshi & Co., Company Secretaries, served as the appointed scrutinizer for the postal ballot process. The scrutinizer's report dated April 13, 2026, confirmed that the voting process was conducted in compliance with Section 108 and Section 110 of the Companies Act, 2013, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The scrutinizer verified that all e-voting confirmations received up to the deadline were properly considered, and the voting results were downloaded in the presence of independent witnesses Ms. Khushi Morsawala and Ms. Parnika Jadhav. The company has placed the voting results and scrutinizer's report on its website and CDSL's platform for transparency and regulatory compliance.
Historical Stock Returns for National Plastic Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.96% | +4.82% | +7.58% | -19.76% | -16.88% | +100.13% |
What strategic initiatives might Mr. Desai prioritize during his second term to drive National Plastic Industries' growth in the evolving plastics market?
How could the overwhelming shareholder confidence in leadership impact National Plastic Industries' ability to attract institutional investors and expand its market presence?
Will National Plastic Industries leverage this governance stability to pursue major acquisitions or joint ventures in the plastic manufacturing sector?
20
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
