Polyplex Corporation Limited has announced the appointment of Mr. Amit Khurana as Business Unit Head of the Saraprint Division, effective from May 01, 2026. The appointment was approved by the Board of Directors during their meeting held on April 30, 2026, based on the recommendations of the Nomination and Remuneration Committee. Mr. Khurana has been designated as part of the company's Senior Management for a period of two years.

Regulatory Disclosure and Board Meeting Details

The appointment was disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting commenced at 09:45 hours IST and concluded at 10:12 hours IST on April 30, 2026. The disclosure was made pursuant to SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Profile of Mr. Amit Khurana

Mr. Amit Khurana holds an MBA in International Business and has completed a senior leadership programme from IIM, Ahmedabad. He brings extensive experience to the role, having spent over two decades driving corporate strategy, sales excellence, and business leadership across diverse industries. Prior to this appointment, Mr. Khurana was associated with TechNova Imaging Systems Private Limited for the last two decades, holding multiple leadership positions.

Corporate Communication

The formal communication was addressed to both BSE Limited (Scrip Code: 524051) and The National Stock Exchange of India Limited (Trading Symbol: POLYPLEX). The disclosure was signed by Ashok Kumar Gurnani, Company Secretary of Polyplex Corporation . A copy of this disclosure has been posted on the company's official website at www.polyplex.com . The appointment represents part of the company's ongoing efforts to strengthen its senior management structure across its business divisions.

Polyplex Corporation Limited has successfully completed its strategic acquisition of TechNova Printrite Products Private Limited, marking a significant milestone in the company's expansion strategy. The transaction, finalized on April 30, 2026, represents a substantial investment in strengthening Polyplex's market position.

Transaction Details

The acquisition encompasses a controlling 51% stake in TechNova Printrite Products Private Limited (TPPPL), establishing Polyplex's majority ownership in the target company. The transaction structure and key parameters are outlined below:

Legal Framework and Documentation

The acquisition was executed through comprehensive legal documentation signed on March 25, 2026. The transaction involved two primary agreements:

• Share Purchase Agreement: Governing the acquisition terms and post-closing adjustments
• Shareholders' & Rights Agreement: Defining governance and operational frameworks

These Transaction Documents included specific conditions precedent that required fulfillment before the closing date. All such conditions have been successfully met, enabling the completion of the acquisition.

Regulatory Compliance

Polyplex Corporation Limited disclosed the transaction completion under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015. The disclosure follows the company's earlier intimation dated March 25, 2026, ensuring full regulatory compliance and transparency.

The company formally notified both BSE Limited and the National Stock Exchange of India Limited about the completion of the acquisition. Company Secretary Ashok Kumar Gurnani signed the official disclosure document, which was also posted on the company's website at www.polyplex.com .

Strategic Impact

With the successful completion of this acquisition, TechNova Printrite Products Private Limited has officially become a subsidiary of Polyplex Corporation Limited. This development expands Polyplex's operational footprint and strengthens its position in the market. The investment of approximately ₹6,209.75 lakhs demonstrates the company's commitment to strategic growth through targeted acquisitions.

The transaction amount remains subject to post-closing adjustments as specified in the Share Purchase Agreement, ensuring fair valuation based on final closing conditions and agreed parameters.