Supreme Industries , a leading player in India's plastic industry, has announced significant changes to its board of directors. The company's board has approved the appointment of two new non-executive independent directors while bidding farewell to two outgoing members.

New Appointments

The Board of Directors, in a meeting held on September 13, 2025, approved the appointment of Rajiv Jalota and Sriram Hariharan as Additional Directors in the category of Non-Executive Independent Directors. Both appointments are for a period of five years, effective from September 13, 2025, subject to shareholders' approval through a postal ballot process.

Rajiv Jalota: A Seasoned Administrator

Rajiv Jalota brings over 35 years of experience as an Indian Administrative Service (IAS) officer. His illustrious career includes serving as the Chairman of Mumbai Port Authority and Additional Chief Secretary (Finance) in Maharashtra. Jalota's expertise spans across governance, infrastructure, maritime affairs, industry, urban development, e-Governance, taxation, and public finance.

Some of Jalota's notable achievements include:

• Presenting a ₹4 lakh crore budget as Additional Chief Secretary (Finance), Maharashtra
• Overseeing India's largest indirect tax reform as GST Commissioner, Maharashtra
• Winning the Prime Minister's Award for Excellence in Public Administration in 2017
• Introducing the capital value system for property tax in Mumbai
• Driving global investor outreach and creating Special Economic Zones (SEZs) as CEO of MIDC

Jalota holds a master's degree in international development policy from Duke University and is currently pursuing a Ph.D. in Sustainability at NEERI (AcSIR).

Sriram Hariharan: A Financial Services Veteran

Sriram Hariharan comes with nearly 30 years of experience in the financial services sector. He has played a crucial role in expanding ICICI Bank's global footprint, leading its International Banking Group. Hariharan served as President & CEO of ICICI Bank Canada for over a decade and was most recently the Chairman of the Board for ICICI Bank's Canada and UK subsidiaries.

Hariharan's accomplishments include:

• Being named one of Canada's Top 40 Under 40™ in 2008
• Receiving the Queen Elizabeth II Diamond Jubilee Medal in 2012
• Being honored as Corporate Executive of the Year by the Indo-Canada Chamber of Commerce

He currently serves on the board of Home First Finance Company India Limited and is a board member of the University of Toronto India Foundation.

Retiring Directors

As the company welcomes new talent, it also bids farewell to two esteemed independent directors:

1. Rajeev Mahendra Pandia
2. Ramanathan Kannan

Both directors will retire on September 15, 2025, upon completion of their tenure. The Board acknowledged their valuable contributions and guidance during their service.

Looking Ahead

These board changes reflect Supreme Industries' commitment to maintaining strong corporate governance and bringing fresh perspectives to its leadership. The new appointments are subject to shareholders' approval through a postal ballot, demonstrating the company's adherence to regulatory requirements and commitment to transparency.

The company's shares will be closely watched by investors as these changes take effect, potentially influencing the future direction and strategy of Supreme Industries in the competitive plastic industry landscape.

The Directorate General of Trade Remedies (DGTR) has recommended the imposition of anti-dumping duties on imports of PVC resin for a period of five years, a move that could significantly impact companies in the PVC and plastic products sector, including Supreme Industries .

Key Points

• The DGTR's recommendation aims to protect domestic manufacturers from unfairly priced imports.
• Supreme Industries, a major player in the PVC and plastic products sector, may benefit from this proposed measure.
• The anti-dumping duty, if implemented, would be in effect for five years.

Potential Implications for Supreme Industries

Enhanced Competitiveness

The proposed anti-dumping duty could level the playing field for domestic PVC resin producers, potentially benefiting Supreme Industries' raw material sourcing.

Pricing Strategy

With potentially reduced competition from cheaper imports, the company might have more flexibility in its pricing strategies for PVC-based products.

Supply Chain Considerations

Supreme Industries may need to reassess its supply chain and raw material procurement strategies in light of these potential changes in the PVC resin market.

Company Overview

Supreme Industries Ltd. is a leading plastics product manufacturer in India. The company produces a wide range of plastic products, including plastic piping systems, cross laminated films and products, protective packaging products, and industrial molded components.

Recent Corporate Actions

According to the latest LODR (Listing Obligations and Disclosure Requirements) data, Supreme Industries has initiated a 100-day campaign called "Saksham Niveshak" from July 28, 2025, to November 6, 2025. This campaign aims to:

• Encourage shareholders to update their KYC (Know Your Customer) details
• Update bank mandates and nominee information
• Claim unpaid or unclaimed dividends

The company has urged shareholders to take action to prevent their shares and unclaimed dividends from being transferred to the Investor Education and Protection Fund (IEPF).

While this corporate action is not directly related to the DGTR's recommendation on anti-dumping duties, it demonstrates the company's commitment to shareholder engagement and regulatory compliance.

As the situation develops, investors and industry observers will be watching closely to see how the potential implementation of anti-dumping duties on PVC resin imports might affect Supreme Industries and the broader plastic products sector in India.