Chemplast Sanmar Limited's Board of Directors has approved a comprehensive leadership transition plan during its meeting held on January 10, 2026. The decisions, made following recommendations from the Nomination and Remuneration Committee, include key changes in the Managing Director position and the reappointment of independent directors.

Managing Director Transition

The board approved a structured transition for the Managing Director role, addressing the current MD's desire to step down at the end of the financial year.

Ramkumar Shankar, who has served as Managing Director since February 1, 2021, expressed his desire to be relieved from the position at the close of the current financial year 2025-26. To ensure continuity, the board reappointed him for an additional two months from February 1, 2026, to March 31, 2026.

New Managing Director Appointment

S Ganeshkumar will assume the role of Managing Director for three years starting April 1, 2026. The 57-year-old executive brings extensive experience from his current role as CEO and Managing Director of TCI Sanmar Chemicals S.A.E., Egypt, since February 23, 2022.

Professional Background

Ganeshkumar's career spans multiple industries and leadership roles:

• Current Role: CEO and Managing Director, TCI Sanmar Chemicals S.A.E., Egypt (2022-present)
• Previous Positions: President and COO, Raymond Limited Lifestyle Business (2020-2022); CEO Global Operations, JK Files (India) Limited (2016-2020)
• Earlier Experience: Managing Director, Arysta Life Science India Limited (2013-2016); Director, Mosaic India Private Limited (2002-2013)

Independent Directors Reappointment

The board approved the reappointment of four independent directors for their second consecutive five-year terms, effective April 26, 2026.

Key Director Profiles

Aditya Jain (65 years) serves as Chairman of the Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Risk Management Committee. He is the Chairman and Editorial Director of IMA India, an economic and business research company he established in 1994.

Sanjay Vijay Bhandarkar (57 years) brings over three decades of corporate finance and investment banking experience. He previously led Rothschild India's business and currently serves on the boards of major listed companies including Tata Consultancy Services Limited and The Tata Power Company Limited.

Dr Lakshmi Vijayakumar (70 years) is the founder of SNEHA, an NGO for suicide prevention, and serves as Head of Department of Psychiatry at Voluntary Health Services, Chennai. She is a member of WHO's International Network for Suicide Research and Prevention.

Prasad Raghava Menon (79 years) holds a B.Tech in Chemical Engineering from IIT Kharagpur and brings over 50 years of experience across chemical and power industries, including leadership roles at ICI India, Tata Chemicals, and Tata Power.

Meeting Details and Compliance

The board meeting commenced at 11:30 AM and concluded at 12:10 PM on January 10, 2026. All appointed directors have confirmed they are not debarred from holding directorship by SEBI, Ministry of Corporate Affairs, or any other regulatory authority. The appointments are subject to shareholder approval and other required regulatory approvals.

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.

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 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.