Huhtamaki ppl has announced a significant leadership transition with the resignation of Managing Director Dhananjay Salunkhe, effective January 15, 2026. The company submitted the formal resignation documentation to stock exchanges, marking the end of Salunkhe's three-year tenure at the helm of the packaging company.

Leadership Transition Details

The management change involves a seamless handover process with clear timelines established for the transition:

Resignation Letter Highlights

Salunkhe submitted his resignation letter on October 15, 2025, providing the company with a three-month notice period. In his resignation communication, he expressed gratitude for the opportunity to lead the organization and work with the dedicated team. The outgoing Managing Director acknowledged his contribution to several strategic initiatives during his tenure and credited the Board for their guidance and support throughout his leadership period.

Regulatory Compliance

Huhtamaki India Limited has fulfilled all regulatory requirements related to the management change. The company initially intimated the stock exchanges about Salunkhe's resignation on September 9, 2025, under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. A follow-up communication dated October 27, 2025, provided additional details about the transition timeline and successor appointment.

Corporate Governance Framework

The resignation process demonstrates the company's adherence to proper corporate governance practices. Company Secretary and Legal Counsel Abhijaat Sinha signed the formal documentation submitted to both BSE Limited and National Stock Exchange of India Limited. The comprehensive disclosure ensures transparency for stakeholders and maintains compliance with listing regulations.

Strategic Continuity

The appointment of Kamal Taneja as the new Managing Director ensures continuity in the company's strategic direction. The one-day gap between Salunkhe's departure and Taneja's assumption of office minimizes any potential disruption to business operations. This structured transition approach reflects the company's commitment to maintaining operational stability during leadership changes.

Huhtamaki India Limited has successfully concluded its postal ballot process, with shareholders approving three critical director appointments that will strengthen the company's leadership structure. The remote e-voting process concluded on January 10, 2026, at 5:00 p.m. IST, with the scrutinizer confirming that all resolutions were passed with the requisite majority.

Board Appointments Approved

Shareholders approved three key appointments through the postal ballot notice dated December 5, 2025:

Voting Results and Shareholder Participation

The postal ballot process demonstrated strong shareholder confidence across all three resolutions. For Kamal Taneja's appointment as Managing Director, the company received 99.96% votes in favor from a total of 52,278,778 votes polled, representing 69.22% of outstanding shares.

Both ordinary resolutions for the Non-Executive Director appointments received identical support:

Shareholder Category Participation

The voting pattern revealed strong support across different shareholder categories. Promoter and Promoter Group shareholders, holding 51,153,997 shares, voted unanimously in favor of all three resolutions with 100.00% participation. Public Institutions, with 1,777,420 shares, showed 56.16% participation and voted entirely in favor of all appointments.

Public Non-Institutional shareholders demonstrated varied participation levels, with 126,640 votes polled for the Managing Director appointment and 126,606 votes for both Non-Executive Director appointments, representing approximately 0.56% of their total shareholding.

Process Details and Compliance

The company maintained full regulatory compliance throughout the postal ballot process. The postal ballot notice was dispatched on December 9, 2025, to 34,758 members who had registered their email addresses with the company or depositories. The cut-off date for determining eligible voters was November 28, 2025, with a total of 36,561 shareholders on record.

S.N. Ananthasubramanian & Co., appointed as scrutinizer on November 14, 2025, conducted the entire process in accordance with Section 110 of the Companies Act, 2013, and relevant SEBI regulations. The e-voting period extended from December 12, 2025, at 9:00 a.m. IST to January 10, 2026, at 5:00 p.m. IST, providing shareholders adequate time for participation.

Regulatory Notifications

The company has fulfilled all disclosure requirements under Regulation 30 and 44 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The voting results and scrutinizer's report have been submitted to both BSE Limited and National Stock Exchange of India Limited, with the information also made available on the company's website at www.flexibles.huhtamaki.in .