G M Polyplast Shareholders Approve Board Appointments and Secretarial Auditor at AGM

G M Polyplast Limited, a manufacturer of plastic sheets and granules, held its 22nd Annual General Meeting (AGM) on August 23, 2025, where shareholders approved several key board appointments and the appointment of a new secretarial auditor.

Board Appointments Ratified

Shareholders at the AGM approved the following appointments:

• Mr. Balbir Singh Bholuram Sharma as a Non-executive Non-Independent Director with revised remuneration, serving from August 23, 2025, to August 22, 2030. Mr. Sharma is the father of Managing Director Mr. Balbeer Dinesh Sharma.

• Mrs. Sarita Dinesh Sharma as Whole-time Director for an extended term from June 30, 2026, to June 29, 2031. Mrs. Sharma, wife of the Managing Director, brings over two decades of experience in the plastics industry.

• Mr. Subramanian Ramaswamy Vaidya as a Non-Executive Independent Director for the period from September 03, 2025, to September 02, 2030. The company noted that Mr. Vaidya has no familial relationships with other board members.

New Secretarial Auditor Appointed

The AGM also saw the appointment of M/s. Pranay D. Vaidya and Co., Practicing Company Secretaries, as the company's Secretarial Auditor for the period from April 01, 2025, to March 31, 2030.

Voting Results

All resolutions put forth at the AGM were passed with the requisite majority. Key details of the meeting include:

• Venue: IRA By Orchid Mumbai - T2 International Airport
• Attendance: 31 members in person, with no proxies or authorized representatives
• Promoter group holdings: 9,898,000 shares
• Public shareholders: 3,561,600 shares

The promoter group voted in favor of all resolutions except those where they were interested parties.

Company Overview

G M Polyplast Limited, listed on the BSE with the scrip code 543239, manufactures HIPS, ABS, PET, PP, and HDPE sheets and granules. The company maintains ISO 9001:2015 and 22000:2018 certifications, demonstrating its commitment to quality and food safety management systems.

These governance updates reflect G M Polyplast's commitment to maintaining a strong and diverse board while ensuring compliance with regulatory requirements.