Wim plast Limited has announced a significant board transition with the completion of Mr. Sudhakar L. Mondkar's term as Independent Director and the simultaneous appointment of Mr. Ramesh F. Ranka as Additional Director (Non-Executive Independent Director) effective March 8, 2026. The changes are part of the company's ongoing governance enhancement initiatives and regulatory compliance requirements.

Director Transition Details

Mr. Sudhakar L. Mondkar (DIN: 07458093) ceased to be an Independent Director from the close of business hours on March 7, 2026, due to completion of his second term of office as an Independent Director as per Section 149(11) of the Companies Act, 2013. The company expressed gratitude for his valuable contributions during his tenure.

Simultaneously, the board approved the appointment of Mr. Ramesh F. Ranka (DIN: 09675711) based on the recommendation of the Nomination and Remuneration Committee.

New Director Profile and Qualifications

Mr. Ramesh F. Ranka, aged 68 years, brings substantial experience to the board. He holds a Bachelor of Engineering (Electrical Engineering) degree from Sardar Patel College of Engineering, Mumbai. His professional background includes significant involvement with various trade, professional, educational, and philanthropic organizations.

Key highlights of his professional experience include:

• Founder Director of the Trade Association of Information Technology (TAIT)
• Founder Director of the Computers Media Dealers Association (CMDA)
• Board service with the Computer Society of India
• Leadership roles with JITO Mumbai Juhu Chapter Foundation
• Current service as representative of Godwal at Seth Anandji Kalyanji Pedi, Ahmedabad

Independence and Compliance

The company has confirmed that Mr. Ranka meets all independence criteria as required under the Companies Act, 2013, and SEBI Listing Regulations. He is not related to the promoter, promoter group, or any directors/key managerial personnel of the company. Additionally, he is not debarred from holding directorship by SEBI or any other regulatory authority.

Comprehensive Board Committee Restructuring

Following the director transition, the company has reconstituted all board committees effective March 8, 2026:

Audit Committee Composition

Nomination and Remuneration Committee

Stakeholders Relationship Committee

Independent Directors Committee

The board transition ensures continued compliance with regulatory requirements for independent director representation across all key board committees while maintaining governance standards.

Wim plast Limited has officially announced the completion of Mr. Sudhakar L. Mondkar's second term as Independent Director, effective from the close of business hours on March 7th, 2026. The cessation marks the end of his directorship tenure with the company due to the natural expiry of his term as outlined in the formal regulatory disclosure.

Regulatory Compliance and Disclosure

The disclosure was made in compliance with Section 149(11) of the Companies Act, 2013, and pursuant to Regulation 30 of SEBI Listing Regulations. The company communicated this development to BSE Limited through an official letter, where it is listed under scrip code 526586 and scrip ID WIMPLAST. The disclosure references the company's earlier communication dated February 14th, 2026, regarding the outcome of the board meeting.

Director Cessation Details

The following table outlines the key details of Mr. Mondkar's directorship cessation:

Formal Documentation Process

The regulatory disclosure includes comprehensive details as mandated under Regulation 30 read with Schedule III - Para A of Part A of the SEBI Listing Regulations. The formal documentation specifies that Mr. Mondkar ceased to be an Independent Director due to completion of his second term of office, with all details provided in Annexure-A of the official communication.

Company's Acknowledgment

Wim Plast Limited expressed formal appreciation for Mr. Mondkar's contributions during his tenure as Independent Director. The company thanked him for his valuable input during his directorship period and extended best wishes for his future endeavors. This acknowledgment was included in the official regulatory filing, reflecting the professional relationship maintained throughout his tenure.

Corporate Governance Compliance

The disclosure was digitally signed by Darsha Adodra, Company Secretary & Compliance Officer (FCS: 12831), on March 7th, 2026, ensuring proper authorization and compliance with corporate governance standards. The information has been made available on the company's website at https://www.cellowimplast.com/ for stakeholder access, maintaining transparency in corporate communications.