Pankaj Polymers appointed Prashant Kumar Jha as an additional non-executive independent director on September 7, 2026. The five-year term is subject to shareholder approval at the upcoming annual general meeting.

The Board of Directors approved the appointment during a meeting held at the company’s registered office in Secunderabad. The decision followed a recommendation from the Nomination and Remuneration Committee.

Director Profile

Mr. Jha is a qualified Chartered Accountant with over eight years of professional experience across advisory, assurance, and industry roles. He holds DIN 11276931.

The company confirmed there are no relationships between Mr. Jha and other directors. He is not debarred from holding office by SEBI or any other authority.

Regulatory Disclosure

The appointment was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by CEO and Whole-time Director Mayank Chawla.

Pankaj Polymers shareholders approved the regularization of five directors at an Extra-Ordinary General Meeting (EGM) held on August 22, 2026. The resolution confirms appointments initially made as Additional Directors in June 2026.

The meeting, conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM), saw 51 members attend physically or virtually. Remote e-voting was available from August 19, 2026, at 9:00 am to August 21, 2026, at 5:00 pm. M/s Akash & Co., Company Secretaries, acted as the scrutinizer.

Key Resolutions Approved

Shareholders voted on twelve items of business. The key outcomes include:

• Capital Raise: Approval for the preferential issuance of up to 8,55,000 equity shares to non-promoters and up to 22,20,000 warrants convertible into equity shares to both promoter and non-promoter categories. The issue price for both equity shares and warrants is fixed at ₹81 each.
• Corporate Restructuring: Approval for the change of the company’s name and consequent alterations to the Memorandum of Association (MoA) and Articles of Association (AoA).
• Office Relocation: Authorization to shift the registered office from Telangana to the National Capital Territory of Delhi, with corresponding MoA changes.
• Board Regularization: Regularization of Mr. Mayank Chawla as Executive Director and Whole Time Director & CEO for five years. Mr. Vikas Garg and Mr. Rahul Nagar were regularized as Non-Executive Non-Independent Directors. Mr. Siba Narayan Panda and Ms. Richa Kathuria were regularized as Independent Directors.
• Audit Appointment: Appointment of statutory auditors to fill a casual vacancy.
• MoA Alteration: Approval for alteration in the Object Clause (Clause III) of the MoA.

Voting Results

The consolidated voting results show overwhelming support for most resolutions. Below are the results for key resolutions:

Resolutions regarding the regularization of Mr. Vikas Garg and Mr. Rahul Nagar saw slightly lower participation, with valid votes constituting approximately 65.65% of total votes cast, due to a significant number of invalid votes (11,25,000 votes each). However, both resolutions were duly passed with requisite majority.

Governance and Voting Process

The Company Secretary & Compliance Officer confirmed that the requisite quorum was present. The e-voting platform was provided by Kfin Technologies Limited. After the conclusion of the EGM, votes were unblocked and downloaded from the NSDL e-voting website in the presence of two independent witnesses, Ms. Gurusha Tiwari and Ms. Riya Kumari.

The management of the company is responsible for ensuring compliance with the Companies Act, 2013, and related rules. The scrutinizer’s responsibility was limited to reporting the votes cast in favour or against the resolutions.

What the Numbers Show

The simultaneous approval of a name change, office relocation, and significant capital raising via warrants suggests a strategic repositioning phase for the company. The regularization of multiple board members in a single EGM indicates a consolidation of governance structures alongside these operational shifts. The near-unanimous support for the core restructuring resolutions highlights strong shareholder alignment with the proposed strategic direction.