Ddev Plastiks Industries Limited has announced key senior management appointments and designation changes following a Board of Directors meeting held on December 12, 2025. The appointments were made upon recommendation of the Nomination and Remuneration Committee in compliance with SEBI regulations.

Key Appointments and Designations

The Board approved several important personnel changes aimed at strengthening the company's leadership structure:

Strategic Renewable Energy Leadership

Rakesh Kumar Tiwari has been appointed as Chief Executive Officer-Renewable Energy, designated as Senior Management Personnel under Regulation 16(1)(d) of the Listing Regulations. His primary mandate involves exploring possibilities and projects in the renewable energy field. Tiwari brings nearly two decades of extensive global leadership experience across semiconductor, solar, manufacturing, and advanced materials industries.

Professional Background

Tiwari's impressive career includes positions with respected organizations such as:

• Adani Group (Vishakha Solar)
• Masdar Solar (Saudi Arabia)
• Goldi Solar
• Moser Baer
• WAHAJ SOLAR-SIPCHEM
• Kosol Energie

He holds an MBA in Marketing and BBA in International Marketing from Amity University and is Six Sigma Black Belt Certified. His expertise spans establishing large-scale industrial facilities, operational turnarounds, global market expansion, and achieving aggressive revenue and profitability targets.

Enhanced Compliance and Financial Management

Tanvi Goenka, previously serving as Compliance Officer and Company Secretary, has been designated as Chief Compliance Officer and Company Secretary. She brings over 13 years of experience in mergers and acquisitions, compliance, governance of listed and unlisted companies, and various forms of restructuring including scheme arrangements.

Accounts Team Strengthening

The company has promoted two key personnel in its accounts department:

Both appointments reflect the company's commitment to strengthening its financial planning, analysis, statutory compliance, budgeting, audits, MIS reporting, and internal controls capabilities.

Implementation Details

All appointments and designation changes became effective on December 12, 2025. Rakesh Kumar Tiwari will serve as a full-time employee in accordance with the company's Human Resource Policy, reporting directly to the Managing Director and Chief Executive Officer. The existing personnel will continue their responsibilities while taking on expanded roles in their new designations.

These strategic appointments position Ddev Plastiks Industries to capitalize on renewable energy opportunities while maintaining robust compliance and financial management standards.

Ddev Plastiks Industries , a leading player in the plastics industry, has unveiled a capacity expansion plan worth approximately INR 50 crores. The company aims to add 30,000 MTPA (Metric Tonnes Per Annum) to its production capacity during the third quarter of the financial year 2025-26, as per a recent corporate announcement.

Expansion Details

The capacity addition plan includes:

The company also mentioned plans for further capacity additions in the XLPE (Cross-Linked Polyethylene) segment, although specific details were not provided.

Financial Aspects

• Investment Required: Approximately INR 50 crores
• Funding Source: Internal accruals

Strategic Rationale

The expansion is driven by several factors:

1. Growing Demand: The capacity additions are proposed in view of the increasing demand for the company's products.

2. HFFR Market Potential: HFFR (Halogen-Free Flame Retardant) compounds are expected to replace PVC in house wiring cables. The government has mandated HFFR use in public areas such as malls, metro stations, hospitals, and schools.

3. Solar Cable Demand: HFFR compounds are vital for manufacturing solar cables, a market segment experiencing growth.

4. New Industry Participants: The entry of new players like Adani and Ultratech into the industry may be contributing to increased demand.

Current Capacity and Utilization

As of September 30, 2025:

• Existing Capacity: 238,400 MTPA
• Capacity Utilization: 84%

Long-term Vision

This expansion aligns with Ddev Plastiks Industries' goal to achieve INR 5,000 crores in revenue by FY2030, as mentioned in the company's statement.

The capacity expansion plan demonstrates Ddev Plastiks Industries' commitment to growth and its strategic positioning to capitalize on evolving market demands, particularly in the HFFR and solar cable segments.