Mr. Alpesh Jagdishbhai Nayak (DIN: 11848319) appointed as Non-Executive Independent Director
Effective date: 3rd September, 2026
Term: 5 years, subject to shareholder approval at ensuing Annual General Meeting
Profile: 48-year-old Plastic Engineer with professional experience in plastics and stationery industry. Currently serving as Vice President at Anand International, involved in business operations and management. Previously served as Proprietor of Aadhya Enterprise with expertise in business management, operations and plastics industry.
Relationship: No relationships with other directors
Eligibility: Confirmed not debarred from holding director office by SEBI or any other authority
Re-appointments
Mr. Ramesh Tainwala (DIN: 00234109) re-appointed as Chairman and Managing Director
Term: Second term of 5 years from 9th August, 2027 to 8th August, 2032
Remuneration: Without remuneration
Special approval: Continuation of directorship upon attaining age of 70 years on September 8, 2029
Profile: Seasoned business leader with over four decades of experience in chemical and plastics industry. Holds Master's degree in Management Studies from Birla Institute of Technology and Science, Pilani. Former Global CEO of Samsonite (2014-2018). Associated with company since inception, serving on Board from 1985-2008 and rejoined in FY2022. Joint venture partner for Samsonite India, Samsonite Middle East, Wacoal India, and Alpargatas India.
Relationship: Brother of Mr. Rakesh Tainwala, Non-Executive Non-Independent Director
Mr. Devendra Saligram Anand (DIN: 09686031) re-appointed as Non-Executive Independent Director
Term: Second term of 5 years from 8th August, 2027
Profile: Over 40 years experience in writing instrument manufacturing. Introduced "Digno" brand in 1983. Expanded company from 500 sq. ft. to over 150,000 sq. ft. manufacturing facility with presence in over 40 countries. First Indian company to export writing instruments to Germany. Won numerous top exporter awards.
Relationship: None with other directors
Mr. Uday Ramniklal Mehta (DIN: 00569577) re-appointed as Non-Executive Independent Director
Term: Second term of 5 years from 8th August, 2027
Profile: 67-year-old Commerce Graduate with 4 decades experience in corporate governance, finance, and oversight. Provides effective oversight and guidance on regulatory and operational matters.
Relationship: Not related to any other directors
Key Financial or Operational Approvals
Auditor Appointment
New Auditor: M/s. SDBA & Co., Chartered Accountants (FRN: 142004W) appointed as Statutory Auditors
Replacing: M/s. GMJ & Co., Chartered Accountants (FRN: 103429W) whose term expires at conclusion of ensuing AGM
Term: From conclusion of 41st Annual General Meeting until conclusion of 46th Annual General Meeting (5 years)
Firm Profile: Partnership formed in 2016 with head office in Mumbai and branch at Udaipur. Expertise in International Taxation, Accounting services, Tax Management, Auditing and Assurance, Financial Advisory, Corporate Laws and Corporate Advisory Services.
