Corporate Governance Update

Huhtamaki PPL (ISIN: INE275B01026) has recently announced significant changes to its board of directors. These appointments reflect the company's commitment to strengthening its leadership and governance structure.

New Appointments

The company has made the following key appointments to its board:

1. Mr. Amit Banati has been appointed as an Additional Director in the capacity of Non-Executive Director.
2. Mr. Eric Le Lay has been appointed as an Additional Director in the capacity of Non-Executive Director.

Effective Date

Both appointments are effective from May 11, 2023. This action by the company ensures continuity in board operations and strategic oversight.

Impact on Corporate Governance

These appointments are expected to bring fresh perspectives and international expertise to Huhtamaki PPL's board. Mr. Banati and Mr. Le Lay's experience in the global packaging industry could potentially contribute to the company's strategic direction and growth initiatives.

Shareholder Approval

It's important to note that these appointments are subject to shareholder approval at the upcoming general meeting. This process aligns with good corporate governance practices, allowing shareholders to have a say in the composition of the board.

Conclusion

The addition of Mr. Amit Banati and Mr. Eric Le Lay to Huhtamaki PPL's board signifies the company's focus on enhancing its leadership team. Shareholders and market observers will likely watch closely to see how these new directors influence the company's future strategies and performance.

Huhtamaki PPL , a prominent player in the packaging industry, has announced a significant change in its top leadership. The company's Managing Director, Dhananjay Salunkhe (DIN 09683886), has tendered his resignation citing personal reasons.

Key Details of the Resignation

Regulatory Compliance

In adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Huhtamaki India has duly informed the stock exchanges - BSE Limited and the National Stock Exchange of India Ltd - about this change in key managerial personnel.

Company Response

Abhijaat Sinha, Company Secretary & Legal Counsel of Huhtamaki India Limited, officially communicated this development to the stock exchanges. The company has not yet announced any succession plans or the name of a potential replacement for the Managing Director position.

About Huhtamaki India Limited

Huhtamaki India Limited, with its Corporate Identification Number (CIN) L21011MH1950FLC145537, is headquartered in Thane, Maharashtra. The company is part of the global Huhtamaki Group and specializes in flexible packaging solutions.

This leadership change comes at a time when companies across various sectors are adapting to evolving market conditions and corporate governance standards.