Valplast Technologies Limited announced on September 24, 2026, that its Board of Directors approved the appointment of Anuj Garg as an Additional Director (Executive) and Whole-Time Director. Simultaneously, the Board accepted the resignation of Yogesh Jadon from his role as Independent Director, effective the same day.

The appointment of Garg follows the recommendation of the Nomination and Remuneration Committee. He will serve for a term of five years, from September 24, 2026, to September 23, 2031, subject to shareholder approval at the next General Meeting. The Board confirmed that Garg is not debarred from holding office by any regulatory authority.

Leadership Changes

The board meeting, which commenced at 2:00 pm and concluded at 4:30 pm, addressed two key governance changes. While Garg joins with extensive technical expertise, Jadon stepped down citing professional commitments.

Profile of New Director

Anuj Garg brings over 21 years of experience in design, engineering, and project management within the electrical and instrumentation sectors. He holds a Bachelor of Engineering in Electrical Engineering and a Post Graduate Diploma in Business Administration with a specialization in Marketing. His career includes senior roles such as Lead Electrical Engineer, Deputy General Manager, and Assistant General Manager with organizations in India and Qatar. His expertise spans project planning, execution, estimation, procurement, quality assurance, and regulatory compliance.

Resignation Details

Yogesh Jadon tendered his resignation via a letter dated September 16, 2026. He cited an inability to devote adequate time to the company's affairs due to pre-occupation with other professional commitments. The company disclosed that Jadon confirmed no other material reasons existed for his departure. Apart from Valplast Technologies, Jadon holds directorships in Djapana India Private Limited and Getmyuni Education Services Private Limited, both in a professional capacity, but holds no board committee memberships in other listed entities.

Valplast Technologies shareholders rejected the proposed final dividend of ₹1 per equity share for FY26 at the company's 13th Annual General Meeting held on September 15, 2026. The resolution failed as promoters voted entirely against it.

The meeting, conducted via video conferencing from 11:30 am to 11:48 am, saw Chairman and Managing Director Sanjay Kumar preside over the proceedings. While the dividend was rejected, shareholders approved the adoption of audited financials, director re-appointments, and alterations to the main object clause.

Voting Results

The scrutinizer's report submitted to BSE Limited on September 17, 2026, revealed that out of 310 shareholders on the record date (September 8, 2026), only nine members cast votes via remote e-voting. All voting occurred through e-voting; no votes were polled during the live meeting session.

Governance and Compliance

The meeting adhered to the Companies Act, 2013 and SEBI Listing Regulations. Company Secretary Shivangi Dixit confirmed the quorum and explained the e-voting process. Statutory auditors M/s KRA & Co and secretarial auditors M/s Surendra Barnwal & Associates were present. Mr. Rajat Mishra served as the scrutinizer.

Promoter and promoter group entities held 12,499,863 shares and voted 100% in favor of all resolutions except the dividend, which they voted 100% against. Public non-institutional shareholders held 60,480,800 shares but only 80 shares voted, all in favor of the passed resolutions.