Key Decision and Dates

The Board of Directors of Polymechanoplast Machines Limited, in their meeting held on Thursday, 27th August 2026, approved the appointment of Mr. Devang Rasiklal Shah (DIN: 11912406).

He was appointed as:

1. Additional Director of the Company, to hold office up to the next Annual General Meeting.

2. Non-Executive Independent Director, not liable to retire by rotation, for a tenure of 5 consecutive years commencing from 27th August, 2026, to 26th August, 2031.

This appointment is subject to the approval of shareholders in the ensuing Annual General Meeting.

Director Profile and Qualifications

Name: Mr. Devang Rasiklal Shah

DIN: 11912406

Experience: A senior Business Professional with over 30 years of experience.

International Exposure: Significant exposure to international business and cross-border operations, with experience relating to customers, suppliers, and markets across Europe, USA, Gulf countries, Turkey, and Taiwan.

Functional Expertise: Has handled matters relating to DGFT procedures, statutory compliance, and liaison with government authorities.

Areas of Expertise: Business strategy, international trade, commercial operations, manufacturing, supply chain, regulatory compliance, risk management, and business development.

Education and Training:

  • Holds a Bachelor of Commerce (B.Com.)
  • Holds a Post Graduate Diploma in Export–Import
  • Has undergone professional training in entrepreneurship, ISO, and vigilance.

Regulatory Compliance and Affirmations

The disclosure is made under Regulation 30(6) read with Para A (7) of Part - A of Schedule III of the SEBI Listing Regulations and SEBI updated Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Key Affirmations from the Disclosure Table:

  • Relationship with other Directors: There is no relationship between Mr. Devang Shah and other Directors of the Company.
  • Eligibility: The company affirms that Mr. Devang Shah is eligible, not disqualified, and not debarred by virtue of any order passed by SEBI or any other statutory authority from being appointed as a Director.
  • Shareholding: Mr. Devang Shah holds nil shares in the company.

Financial and Capital Structure Impact

No financial impact or change to the capital structure is disclosed as a direct result of this appointment.