Polyplex accepts resignation, appoints Ranjit Singh as director

Polyplex Corporation Limited has accepted the resignation of Mr. Sanjiv Chadha, a Non-Executive Non-Independent Director, effective from the close of business on May 23, 2026. The resignation follows a Board meeting held on May 23, 2026, where Mr. Chadha stepped down after over 20 years of association, citing personal and professional reasons. Concurrently, the Board appointed Mr. Ranjit Singh as a Non-Executive Non-Independent Director (Additional) effective from May 25, 2026, based on the recommendations of the Nomination and Remuneration Committee.

Mr. Ranjit Singh brings over 40 years of experience in corporate management across Indian and international business environments. An engineer from BITS, Pilani, and an MBA from IIM, Ahmedabad, he previously served as an Independent Director on the company's Board for 10 years. He is currently engaged in the social sector and the startup ecosystem as a consultant, mentor, investor, and promoter. The company confirmed that Mr. Singh is not debarred from holding the office of director by SEBI or any other authority and is not related to any director or Key Managerial Personnel.

Director Details

Sr. No.	Particulars	Mr. Sanjiv Chadha (DIN: 00356187)	Mr. Ranjit Singh (DIN: 01651357)
1	Reason for change	Resignation	Appointment as a Non-Executive Non-Independent Director
2	Date of change	May 23, 2026 (end of the day)	Effective from May 25, 2026
3	Brief profile	Not Applicable	Engineer from BITS, Pilani; MBA from IIM, Ahmedabad; Over 40 years of experience; Former Independent Director for 10 years
4	Relationship with directors	Not Applicable	Not related to any director/KMP of the Company

The Board meeting commenced at 16:10 hours IST and concluded at 18:15 hours IST. The necessary disclosures have been submitted to the stock exchanges.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.86%	+3.93%	+1.80%	+8.56%	-34.24%	-23.71%

Polyplex Corporation Limited has informed the stock exchanges that Mr. Ranjit Singh (DIN: 01651357) has ceased to be an Independent Director of the company with effect from May 11, 2026. The cessation follows the completion of his second term of five years as an Independent Director. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Director Cessation Details

The company filed the requisite disclosure with both BSE Limited and the National Stock Exchange of India Limited on May 12, 2026. The intimation was also made in accordance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The following table summarises the key details of the change as furnished in the regulatory disclosure:

Parameter:	Details
Director Name:	Mr. Ranjit Singh
DIN:	01651357
Reason for Change:	Cessation upon completion of second term of five years as Independent Director
Effective Date:	May 11, 2026
Brief Profile (Appointment):	Not Applicable
Disclosure of Relationships:	Not Applicable

Regulatory Compliance

The disclosure was submitted by Ashok Kumar Gurnani, Company Secretary of Polyplex Corporation Limited, and was digitally signed on May 12, 2026. A copy of the disclosure has also been posted on the company's official website at www.polyplex.com , in line with applicable regulatory requirements. The filing confirms that the cessation was a routine conclusion of a statutory term and was not due to resignation, removal, or any other cause.