Pankaj Polymers Limited disclosed comprehensive board-level changes resulting from a change in management through a regulatory filing to the Bombay Stock Exchange.

The Board of Directors meeting was held on June 19, 2026, commencing at 3:00 PM and concluding at 3:32 PM. The disclosure was made pursuant to Regulation 30 read with Schedule II of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated 11.07.2023 as updated on 30.01.2026, and Industry Standards Note on Regulation 30 of the LODR Regulations vide SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated 25th February, 2025.

Key Changes Approved by the Board:

Resignations (Effective June 19, 2026):

  • Mr. Pankaj Goel (DIN: 00010059) resigned as Managing Director (Key Managerial Personnel) and Director
  • Mr. Paras Goel (DIN: 00010086) resigned as Joint Managing Director and Director
  • Mrs. Bhavani Gajula (DIN: 10478151) resigned as Non-Executive Director
  • Mr. Devesh Gupta (DIN: 10747566) resigned as Independent Director
  • Mr. Ashutosh Gupta (DIN: 08696039) resigned as Independent Director
  • Mr. P. Hari Krishna resigned as Chief Financial Officer (Key Managerial Personnel)

Re-designation (Effective June 19, 2026):

  • Mr. Aman Goel (DIN: 07729553) was re-designated from Whole-Time Director to Non-Executive Director

Appointment:

  • M/S. CRA And Associates, Chartered Accountants (Firm Registration No. 020714N) appointed as Internal Auditors for the Financial Year 2026-27

Reason for Resignations:

All resigning directors and officers cited "change in management of the company" as the reason for their resignations. The independent directors specifically confirmed that there were no material reasons for resignation other than the change in management, and no concerns relating to management, operations, policies, or compliance matters of the Company prompted their resignations.

Internal Auditor Profile:

M/S. CRA And Associates is described as a firm of Chartered Accountants engaged in audit, assurance, taxation, and advisory services. The firm possesses experience in internal audits, risk assessment, internal financial controls, and regulatory compliance reviews for corporate entities across various sectors.

Resignation Letters Content:

All resignation letters followed a consistent format, confirming:

  • Effective date of resignation: June 19, 2026
  • Reason: Change in management
  • No claims, dues, or obligations pending from the resigning officials
  • Requests for acceptance of resignation and filing of requisite statutory forms
  • Expressions of appreciation for support received during tenure

The company was requested to complete all applicable statutory and regulatory filings and disclosures related to these changes.