Shree Ganesh Elastoplast Announces Board Changes and Sets 31st AGM Date
Shree Ganesh Elastoplast Limited (BSE: 530797) reported the passing of director Mr. Harish Ratilal Mehta on August 7. The company appointed Ms. Nikita Rajan Shah and Mr. Rajesh Chinubhai Sutaria as Additional Directors in the Non-Promoter, Non-Executive category, proposed to be Independent Directors for a five-year term. The 31st AGM is scheduled for September 26, with key dates for e-voting and book closure announced. Kamlesh M Shah & Co. was appointed as Secretarial Auditors for five years, subject to shareholder approval.
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Shree Ganesh Elastoplast Limited , a company listed on the Bombay Stock Exchange (BSE: 530797), has announced significant changes to its board of directors and set the date for its 31st Annual General Meeting (AGM).
Board Changes
The company reported the sad demise of Mr. Harish Ratilal Mehta, a director (DIN: 05316274), on August 7. The board expressed its condolences and resolved to inform the stock exchanges and regulatory authorities of this development.
In a board meeting held on August 25, the company made two key appointments:
- Ms. Nikita Rajan Shah (DIN: 08007569) was appointed as an Additional Director in the Non-Promoter, Non-Executive category.
- Mr. Rajesh Chinubhai Sutaria (DIN: 02102686) was also appointed as an Additional Director in the Non-Promoter, Non-Executive category.
Both Ms. Shah and Mr. Sutaria are proposed to be appointed as Independent Directors for a five-year term from October 1 to September 30, subject to shareholder approval at the upcoming AGM.
31st Annual General Meeting
The company has scheduled its 31st AGM for September 26 at 12:30 PM, to be held at the registered office. Key dates related to the AGM include:
| Event | Date |
|---|---|
| Record Date for E-voting Eligibility | September 19 |
| Remote E-voting Period | September 23-25 |
| Book Closure Period | September 20-26 |
Other Key Decisions
The board also approved the appointment of Kamlesh M Shah & Co., a peer-reviewed firm of Practicing Company Secretaries, as Secretarial Auditors for a period of five years from April 1 to March 31, subject to shareholder confirmation at the AGM.
Director Profiles
Mr. Rajesh Chinubhai Sutaria
- Commerce graduate with over 35 years of experience in corporate accounts and finance
- Currently serving as an independent director for six listed companies
- Expertise in legal provisions related to listed entities
Ms. Nikita Rajan Shah
- MBA graduate born in August 1985
- More than 15 years of experience in general administration, HR functioning, and corporate accounting
The company affirmed that neither Mr. Sutaria nor Ms. Shah is debarred from holding the office of director by any order of SEBI or any other authority.
Shree Ganesh Elastoplast Limited's proactive approach in board restructuring and commitment to corporate governance demonstrates its focus on maintaining strong leadership and compliance with regulatory requirements.
Historical Stock Returns for Shree Ganesh Elastoplast
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -11.67% | -16.21% | -12.91% | -47.18% | -3.39% |
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