Tainwala Chemicals & Plastics (India) Limited has appointed Alpesh Jagdishbhai Nayak as a Non-Executive Independent Director, strengthening its board composition with expertise in the plastics industry. The Board of Directors approved the appointment on August 5, 2026, effective from September 3, 2026, for a term of five years. This appointment is subject to ratification by shareholders at the ensuing Annual General Meeting. The move aligns with regulatory requirements under Regulation 30 of the SEBI Listing Regulations and Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123.

In addition to the new appointment, the Board approved several key governance changes during the same meeting. These include the reappointment of existing directors and the replacement of the statutory auditor. All appointments and reappointments require final approval from the company’s members at the upcoming Annual General Meeting.

Board Appointments and Reappointments

The Board approved the following directorial changes:

Alpesh Jagdishbhai Nayak brings professional experience in plastics and stationery. He currently serves as Vice President at Anand International and previously operated Aadhya Enterprise. He holds DIN: 11848319 and has no disclosed relationships with other directors.

Ramesh Tainwala, who has been associated with the company since its inception, will serve his second consecutive five-year term without remuneration. The Board also approved the continuation of his directorship upon attaining the age of 70 years on September 8, 2029. He is the brother of Mr. Rakesh Tainwala, a Non-Executive Non-Independent Director.

Devendra Saligram Anand and Uday Ramniklal Mehta are being reappointed for their second consecutive five-year terms. Mr. Anand has over 40 years of experience in writing instrument manufacturing, while Mr. Mehta brings four decades of experience in corporate governance and finance.

Change in Statutory Auditor

The Board appointed M/s. SDBA & Co., Chartered Accountants (FRN: 142004W), as the new Statutory Auditors of the company. They replace M/s. GMJ & Co., Chartered Accountants (FRN: 103429W), whose term expires upon the conclusion of the ensuing Annual General Meeting.

M/s. SDBA & Co. will hold office from the conclusion of the 41st Annual General Meeting until the conclusion of the 46th Annual General Meeting, expected in calendar year 2031. This appointment was made based on the recommendation of the Audit Committee. M/s. SDBA & Co. is a partnership firm formed in 2016 with offices in Mumbai and Udaipur.

Rakesh Dungarmal Tainwala has increased his shareholding in Tainwala Chemicals & Plastics (India) Ltd to 6.26% through an inter-se transfer of shares. The acquisition involves 5,86,464 equity shares of ₹10 each, received as a gift from Rajkumar Tainwala, a relative. This transaction, executed on June 3, 2026, modifies the ownership structure within the promoter group, as Rakesh Dungarmal Tainwala will now be classified as a Promoter post-acquisition.

The disclosure was submitted to the stock exchanges in compliance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this acquisition, the acquirer did not hold any shares in the target company. The shares of Tainwala Chemicals & Plastics (India) Ltd are listed on BSE Limited and the National Stock Exchange of India Limited.

The transaction involves several Persons Acting in Concert (PACs), including Shobha Tainwala, Rajkumar Tainwala, Ramesh Tainwala, and Arushi Rajkumar Tainwala. Corporate entities such as Concept Reality and Securities Private Limited, Tainwala Holdings Private Limited, and Periwinkle Fashions Private Limited are also identified as PACs. The total diluted share capital of the company stands at 93,63,863 equity shares.

Shareholding Details

The following table outlines the shareholding details before and after the acquisition:

The acquisition was conducted via an inter-se transfer among immediate relatives. The filing confirms that the mode of acquisition was a gift, and no consideration was involved in the transfer of voting rights. The acquirer's PAN is provided as ACBPT1559L.