Nature of Change: Re-appointment of three key managerial personnel approved by members at the 39th Annual General Meeting held on September 16, 2026.
Jayant S. Chheda (DIN: 00013206): Re-appointed as Chairman and Managing Director for a three-year term from August 21, 2026 to August 20, 2029. He has been associated with the company since incorporation with over five decades of experience in the plastic industry. He was conferred with the 'Lifetime Achievement Award' at the Vinyl India Conference, 2014. He is the father of Parag J. Chheda and Vipul J. Chheda. Confirmed as not debarred from holding office by virtue of any SEBI order or other authority.
Parag J. Chheda (DIN: 00013222): Re-appointed as Whole Time Director designated as Joint Managing Director for a three-year term from August 21, 2026 to August 20, 2029. Associated with the company since April 27, 1996 as a Director. Holds an associate degree in business administration from Oakland Community College with over 32 years of industry experience. Awarded the 'Inspiring Business Leader Award' at the Economic Times Summit, 2016. He is the son of Jayant S. Chheda and brother of Vipul J. Chheda. Confirmed as not debarred from holding office.
Vipul J. Chheda (DIN: 00013234): Re-appointed as Whole Time Director designated as Executive Director for a three-year term from August 21, 2026 to August 20, 2029. Associated with the company since March 11, 1997 as a Director. Holds a higher secondary certificate from the Maharashtra State Board of Secondary and Higher Secondary Education with over 29 years of experience in the piping industry, specializing in project sales, marketing, key account management, and business development. He is the son of Jayant S. Chheda and brother of Parag J. Chheda. Confirmed as not debarred from holding office.
Key Financial or Operational Approvals
Auditor Reappointment: Members approved the re-appointment of M/s. N.A. Shah Associates LLP, Chartered Accountants (Firm Registration Number: 116560W/W100149), as Statutory Auditors for a second term of five consecutive years. The term will run from the conclusion of the 39th Annual General Meeting until the conclusion of the 44th Annual General Meeting of the Company. The firm is registered with the Institute of Chartered Accountants of India and holds a valid peer review certificate.
Any Other Material Information
Regulatory Compliance: The disclosure is made pursuant to Regulation 30 of SEBI (LODR) Regulations read with SEBI circular No. SEBI/HO/CFD/POD2/CIR/P/0155 dated November 11, 2024.
Approval Process: All resolutions were duly approved by members with the requisite majority at the 39th AGM held on September 16, 2026.
