Promact Impex Limited , a company listed on the BSE, has initiated a postal ballot process to seek shareholder approval for changing its name to 'Promact Plastics Limited'. This move comes as part of the company's corporate rebranding efforts, aimed at making the company's name more focused and aligned with its business activities.

Key Details of the Proposed Change

The Board of Directors of Promact Impex Limited approved the decision to change the company's name on July 23, 2025. The company has already received availability confirmation for the new name 'Promact Plastics Limited' from the Central Registration Centre, Registrar of Companies / Ministry of Corporate Affairs on August 13, 2025.

Shareholder Approval Process

The company is conducting the approval process through a postal ballot, with voting to be done electronically. The e-voting period is set to run from September 11, 2025 (9:00 AM) to October 10, 2025 (5:00 PM). Shareholders on record as of September 5, 2025, will be eligible to participate in the voting process.

Impact on Company Operations

According to the postal ballot notice, the proposed name change will not affect the legal status, constitution, operations, or activities of the company. Additionally, it will not impact any rights or obligations of the company or its shareholders. All existing share certificates bearing the current name will remain valid after the change.

Rationale for the Name Change

The company states that the name change is part of a corporate rebranding initiative. The Directors believe that the new name, 'Promact Plastics Limited', will make the company's identity simpler, sharper, and more focused.

Regulatory Compliance

Promact Impex Limited has assured compliance with all relevant regulations, including those set by the Securities and Exchange Board of India (SEBI) and the Companies Act, 2013. The company has appointed Mr. Kashyap R. Mehta, and in his absence, Mr. Yash K. Mehta, as scrutinizers to oversee the fair conduct of the voting process.

Next Steps

If approved by shareholders, the company will proceed with the necessary legal and regulatory procedures to effect the name change. This will include obtaining a fresh Certificate of Incorporation and updating all relevant documents and records with the new name.

The outcome of the postal ballot is expected to be announced within two working days from the conclusion of the e-voting period. Shareholders and interested parties can monitor the company's website and stock exchange filings for further updates on this corporate action.

Promact Impex Limited has announced the re-appointment of Ms. Nikita J. Patel as Managing Director for a three-year term, following approval from shareholders at the company's Annual General Meeting (AGM).

Key Details of the Re-appointment

• Term Duration: Three years
• Effective Date: September 23, 2020
• Previous Term Expiry: September 22, 2020
• Approval Method: Shareholder vote at AGM

Annual General Meeting Highlights

• Date: September 18, 2020
• Format: Video conferencing

About Nikita J. Patel

Ms. Nikita J. Patel brings a wealth of experience and qualifications to her role as Managing Director:

• Education: Holds an M.C.A. degree
• Expertise:
  • Technical operations
  • Factory management
  • Computer software and hardware programming

Board Relationships

Ms. Nikita J. Patel has familial ties to other board members:

• Related to Ms. Payalben J. Patel (Director)
• Related to Mr. Ankit J. Patel (Director)

The re-appointment of Ms. Nikita J. Patel suggests continuity in Promact Impex Limited's leadership. Her extensive experience in technical operations and factory management, coupled with her educational background in computer applications, positions her well to guide the company through the evolving technological landscape in the impex sector.