Company Disclosure

Event Overview

National Plastic Technologies Limited held its Annual General Meeting (AGM) on 21st September 2026 at 10:15 a.m. at Arihanth Hall, Madras Hotel Ashoka, Egmore, Chennai-600008. The shareholders approved three key resolutions during the meeting.

Detailed Resolutions Approved

1. Reappointment of Director

  • Name: Mr. Sudershan Parakh (DIN: 01161124)
  • Reason: Retirement by rotation and reappointment
  • Term: Effective from 21-09-2026 for 24 months
  • Profile: Graduate in Commerce with technical training in plastics from Central Institute of Plastics Engineering & Technology, Guindy. Chairman of National Polyplast (I) Pvt Ltd. Has approximately 40 years of experience across finance, marketing, production, materials, and personnel management.
  • Director Relationships: Father of Mr. Arihant Parakh (Managing Director) and Mr. Alok Parakh (Director)

2. Reappointment of Statutory Auditor

  • Firm: CA Patel & Associates (FRN: 0014055S)
  • Reason: Reappointment as statutory auditor and approval for non-audit services
  • Term: Five consecutive years from conclusion of 37th AGM (2026) until conclusion of 42nd AGM (2031), covering financial years 2026-27 through 2030-31
  • Profile: Professional firm of Chartered Accountants specializing in Assurance, Audit, and Advisory services. Led by three partners with expertise in statutory audits, financial reporting, corporate assurance, risk advisory, and financial consulting. Has experience across diverse sectors including manufacturing, infrastructure, and real-estate.

3. Reappointment of Managing Director

  • Name: Mr. Arihant Parakh (DIN: 07933966)
  • Reason: Reappointment as Managing Director
  • Term: Effective from 25-09-2026 for 3 years until 24-09-2029
  • Remuneration: Approved along with reappointment (specific amounts not disclosed)
  • Profile: Post graduate in commerce with PG Diploma in Financial Management from ISB, Hyderabad. Over 20 years of experience in Plastic Industry. Responsible for operations and financial management of the Company. Instrumental in bringing sharp focus on profitability.
  • Director Relationships: Son of Mr. Sudershan Parakh (Director) and brother of Mr. Alok Parakh (Director)