Chemplast Sanmar Board Approves Leadership Transition and Director Reappointments

Chemplast Sanmar Limited's Board of Directors has approved a comprehensive leadership transition plan during their meeting held on January 10, 2026. The board meeting, which commenced at 11:30 AM and concluded at 12:10 PM, resulted in several key appointments and reappointments that will shape the company's future leadership structure.

Managing Director Transition Plan

The board approved a structured transition for the Managing Director position. Ramkumar Shankar, whose current term expires on January 31, 2026, will be reappointed for a brief two-month period from February 1, 2026, to March 31, 2026. This short-term reappointment allows Shankar to serve until the close of the current financial year 2025-26, as he has expressed his desire to step down from the position.

Position:	Current Arrangement	Transition Plan
Managing Director:	Ramkumar Shankar (until Jan 31, 2026)	Extended to March 31, 2026
Successor:	To be appointed	S Ganeshkumar from April 1, 2026
Term Duration:	2 months extension	3 years for new appointment

New Managing Director Appointment

S Ganeshkumar has been appointed as Director of the company with effect from April 1, 2026, and will simultaneously assume the role of Managing Director for a three-year term. Ganeshkumar, aged 57 years, brings extensive experience from his current role as CEO and Managing Director of TCI Sanmar Chemicals S.A.E., Egypt, a position he has held since February 23, 2022.

Ganeshkumar's professional background spans multiple industries including chemicals and petrochemicals, lifestyle, engineering, crop protection, and life sciences. His educational qualifications include B.Sc (Electronics Science) from University of Poona, B.Tech (Automobile Engineering) from Anna University, and specialized programs from Harvard Business School, Cornell University, and NUS Singapore.

Independent Directors Reappointment

The board approved the reappointment of four independent directors for their second terms of five consecutive years, effective from April 26, 2026:

Director Name:	Age	Key Expertise
Aditya Jain:	65 years	Finance, Business Strategy, Economic Affairs
Sanjay Vijay Bhandarkar:	57 years	Corporate Finance, Investment Banking
Dr Lakshmi Vijayakumar:	70 years	General Management, Human Resources
Prasad Raghava Menon:	79 years	Chemical Engineering, Power Industries

Director Profiles and Experience

Ramkumar Shankar, the outgoing Managing Director, is a qualified Chartered Accountant and Cost Accountant with 37 years of industrial experience. He has been heading the chloro-vinyl business since 2013 and has successfully managed the company through various industry challenges during his tenure from February 1, 2021.

Among the reappointed independent directors, Aditya Jain serves as Chairman of multiple committees including Nomination and Remuneration Committee, while Sanjay Vijay Bhandarkar chairs the Audit Committee. Dr Lakshmi Vijayakumar is the founder of SNEHA, an NGO for suicide prevention, and Prasad Raghava Menon brings over 50 years of experience across chemical and power industries, including senior roles in the Tata Group.

Regulatory Compliance

All appointments have been made following recommendations from the Nomination and Remuneration Committee and are subject to shareholder approval and other required regulatory approvals. The appointed directors have confirmed they are not debarred from holding directorship positions by SEBI, Ministry of Corporate Affairs, or any other regulatory authority. The company has provided detailed disclosures as required under Regulation 30(6) of SEBI Listing Regulations and related circulars.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.64%	-5.45%	-6.53%	-42.22%	-50.77%	-54.80%

Chemplast Sanmar Limited , a leading chemical manufacturer, has reported a revenue of INR 1,033.00 crores for the second quarter of fiscal year 2026, showing signs of recovery amidst ongoing market challenges. The company's performance demonstrated improvement both quarter-on-quarter and year-on-year, primarily driven by better margins in the Suspension PVC business and increased volumes from its new Paste PVC plant in Cuddalore.

Financial Highlights

Metric	Q2FY26
Revenue	INR 1,033.00 crores
EBITDA	INR 43.00 crores

Operational Performance

The company's new Paste PVC plant at Cuddalore is operating at full capacity, contributing significantly to higher sales volumes. However, Paste PVC margins were impacted due to low-priced imports, especially from EU-based suppliers.

Market Challenges

Chemplast Sanmar continues to face challenges from Chinese dumping in PVC markets. The company is awaiting clarity on the implementation of anti-dumping duty, which could potentially alleviate some of the pricing pressures.

Custom Manufactured Chemicals Division (CMCD)

The CMCD business performance remained on track with dispatches progressing as scheduled. The company has:

17 products currently commercialized
Several more products in the pipeline
Ongoing expansion plans for Phase 3 of MPB 3 and civil works for MPB 4

Future Outlook

Despite the challenging business conditions, Chemplast Sanmar remains optimistic about its future prospects. The company is focusing on:

Leveraging new capacities in Paste PVC
Progressing with expansion plans in the Custom Manufactured Chemicals Division
Advancing refrigerant gas projects
Implementing green power initiatives to improve performance

Mr. Ramkumar Shankar, Managing Director of Chemplast Sanmar Limited, commented, "Our performance during the quarter showed a marked improvement both on a quarter-on-quarter basis and a year-on-year basis, largely thanks to better margins in the Suspension PVC business."

As the company navigates through market challenges, it continues to focus on operational efficiency and strategic expansions to drive growth in the coming quarters.