Pasupati Acrylon Bolsters Board with Two New Independent Directors and Reconstitutes Committees

Pasupati Acrylon Limited , a key player in the chemical industry, has announced significant changes to its board of directors and committee structure. The company has appointed two new Non-Executive Independent Directors, Mr. Sudhir Agarwal and Mr. Sanjiv Nair, for a five-year term starting September 1, 2025. This move, approved by shareholders at the company's 42nd Annual General Meeting on September 18, 2025, aims to bring fresh perspectives and diverse expertise to the board.

New Appointments

Mr. Sudhir Agarwal

Holds a B.Tech in Chemical Engineering from Harcourt Butler Technical University, Kanpur
Brings over 39 years of experience in the chemical and process industries
Expertise includes:
- Plant operations
- Project management
- Energy and environment conservation
- Waste management
- Sustainability
- Green energy concepts

Mr. Sanjiv Nair

Retired Indian Administrative Services officer
Previously served as:
- Additional Chief Secretary of Uttar Pradesh
- First Director General of the North East Centre for Technology Application and Reach
Represented India at the World Meteorological Organization in Moscow for two years

Terms of Appointment

Both Mr. Agarwal and Mr. Nair appointed for five consecutive years
Term: September 1, 2025, to August 31, 2030
Neither director is related to existing directors or key managerial personnel of Pasupati Acrylon Limited

Board Transitions

Two outgoing independent directors completed their terms:
- Mr. S.C. Malik (DIN: 00107170)
- Mr. D.K. Kapila (DIN: 00060060)
Both concluded their second term as Independent Directors at the 42nd Annual General Meeting
Ceased to be directors and board committee members effective September 18, 2025

Committee Reconstitution

Effective September 18, 2025, Pasupati Acrylon Limited has reconstituted five Board committees:

Committee	Chair	Members
Audit Committee	Mr. Raj Ganesh Viswanathan	Three independent directors and one executive director
Nomination & Remuneration Committee	Mr. Sanjiv Nair	Two other independent directors
Stakeholders Relationship Committee	Mrs. Kamlesh Gupta	Two executive directors
Corporate Social Responsibility Committee	Mr. Raj Ganesh Viswanathan	Executive Managing Director Mr. Vineet Jain and Executive Director Mr. Satya Prakash Gupta
Risk Management Committee	Mr. Sanjiv Nair	Three other directors

Compliance and Governance

Pasupati Acrylon Limited confirmed that Mr. Agarwal and Mr. Nair are not debarred from holding directorship positions by any SEBI order or other authority
Complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Ms. Mehak Gupta of M/s. Mehak Gupta & Associates appointed as Secretarial Auditor for five years (FY 2025-26 to 2029-30)

These board changes, appointments, and committee reconstitutions reflect Pasupati Acrylon's commitment to maintaining strong corporate governance and bringing diverse expertise to its leadership team. The new directors and committee structure are expected to contribute significantly to the company's strategic direction and growth initiatives in the chemical sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.76%	-0.85%	-6.44%	-8.65%	-7.03%	+16.29%

Pasupati Acrylon Limited , a key player in the acrylon industry, has witnessed a significant change in its promoter shareholding structure. Manish Jain, a member of the company's promoter group, has transferred his entire stake to his brother Vineet Jain as a gift through an off-market transaction.

Transaction Details

The transfer involved 44,29,232 equity shares, representing 4.97% of Pasupati Acrylon's total share capital. This move has resulted in Manish Jain's individual shareholding in the company reducing to nil. The transaction was completed on February 8, 2022.

Impact on Promoter Group Holding

Despite the intra-family transfer, the overall promoter group shareholding remains unchanged. The promoter group collectively continues to hold 5,43,46,213 shares, which accounts for 60.90% of the company's total share capital.

Key Points of the Transaction

Aspect	Details
Transferor	Manish Jain (Promoter group member)
Transferee	Vineet Jain (Brother of Manish Jain)
Shares Transferred	44,29,232
% of Total Capital	4.97%
Nature of Transaction	Gift (Off-market transfer)
Date of Completion	February 8, 2022

Implications

This transfer of shares within the promoter family represents a reshuffling of ownership within the promoter group. However, it's important to note that both Manish Jain and Vineet Jain remain part of the promoter group, indicating that the overall control and management influence of the promoter family in Pasupati Acrylon Limited remains intact.

The move could be part of a family wealth redistribution strategy or succession planning within the promoter group. While the individual shareholding of Manish Jain has reduced to zero, the consolidated promoter group holding remains strong at over 60% of the company's share capital.

Investors and market watchers may want to monitor any potential changes in the company's management or strategic direction following this intra-promoter share transfer, although no immediate changes have been indicated.