Mega Flex Plastics Limited Reappoints Mr. Mohan Lal Parakh as Whole Time Director
Mega Flex Plastics Limited has confirmed the re-appointment of Mr. Mohan Lal Parakh as a Whole Time Director, following approval by its Board of Directors on July 21, 2026. The appointment is set for a term of five consecutive years.The decision follows recommendations from the Nomination and Remuneration Committee and the Audit Committee of the company. Mr. Parakh’s tenure will run from June 29, 2027, to June 28, 2032. The re-appointment is subject to the subsequent approval of shareholders at the Annual General Meeting.
Mr. Parakh has affirmed that he is not debarred from holding office under the Companies Act, 2013, or any order issued by relevant authorities. He holds dual roles as the Promoter and Chairman of Mega Flex Plastics Limited.
The company’s board meeting reviewed this matter alongside other operational updates. Mr. Parakh possesses extensive expertise derived from a career spanning nearly six decades across various industries, including plastic processing, oil milling, hosiery, food processing, and foundry operations. His vast experience grants him deep knowledge in engineering and technology.
In his executive capacity, he plays a pivotal role in strategic decision making, ensuring the implementation of appropriate technologies, optimizing plant and machinery efficiency, and driving continuous improvement in product quality for the company. Furthermore, disclosures confirmed that Mr. Parakh maintains no relationship with any other director of Mega Flex Plastics Limited.
Key details regarding the re-appointment are summarized below:
| Particulars | Details |
|---|---|
| Reason for change | Re-Appointment |
| Term of appointment | 5 years, effective from June 29, 2027 |
| Key Expertise | Engineering and technology across plastic processing, oil milling, hosiery, food processing, and foundry operations. |
MEGAFLEX Stock Price Movement
Today, Mega Flex Plastics Limited's shares edged higher, settling at ₹101.56 after trading closed in the post-market session. The stock recorded a volume of 296,081 shares, reflecting steady activity throughout the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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