Chemplast Sanmar Limited has disclosed the outcome of its Board Meeting held on October 9, 2026. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Nature of the Event

The Board of Directors, upon the recommendation of the Nomination and Remuneration Committee, approved the appointment of Mr Prashanth Vasu (DIN: 11278134) as a Non-Executive and Non-Independent Director of the company.

Effective Date and Context

The appointment is effective from October 9, 2026. This appointment fills a casual vacancy arising from the resignation of Mr V S Radhakrishnan (DIN: 08064705) from the Board of Directors.

Terms and Conditions

Mr Prashanth Vasu is liable to retire by rotation. His appointment is subject to the subsequent approval of the shareholders of the company.

Director Details and Profile

Mr Prashanth Vasu, 54 years old, is not related to any other director of the company and is not debarred from holding the office of director by any order from SEBI or other authorities.

His educational qualifications include:

  • Bachelors degree in Mechanical Engineering from Indian Institute of Technology Madras
  • Masters degree in Industrial Engineering from Texas A&M University
  • Master of Business Administration from the Indian School of Business, Hyderabad (founding batch)

His professional experience includes:

  • President and Strategic Business Unit (SBU) Head of Logistics & ERP at Ramco Systems (2021-23)
  • Partner at McKinsey & Company (18 years from 2002-20)
  • Started his career with Sanmar PTI Filters in 1997

Other Directorships

Mr Vasu also serves on the boards of the following companies:

  • Xomox Sanmar Limited
  • Anderson Greenwood Crosby Sanmar Limited
  • BS & B Safety Systems (India) Limited
  • Alteons Energy Private Limited
  • Chemplast Cuddalore Vinyls Limited

Board Composition Impact

Following this appointment, the composition of the Board of Directors will be 5 (five) Independent Directors and 3 (three) Non-Independent Directors.

Meeting Details

The Board meeting commenced at 4:10 PM and concluded at 4:25 PM on October 9, 2026.

Financial Impact

Financial impact not quantified in the disclosure.