Noble Polymers Ltd Appoints Additional Directors, Reconstitutes Key Committees

Noble Polymers Ltd Appoints Additional Directors, Reconstitutes Key Committees​

Noble Polymers Ltd. announced significant changes to its Board of Directors and organizational structure following a meeting held on June 29, 2026. The Company approved the appointment of Mr. Mahesh Alabhai Odedra and Mr. Hiren Rambhai Odedra as Additional Directors under the Promoter Category, while also approving the shifting of the registered office within Ahmedabad City.

The appointments were made following the Acquirers meeting the eligibility criteria for director status after depositing Rs. 1,14,00,000/- (Rupees One Crore Fourteen Lakh Only) into an escrow account. This deposit represented more than 100% of the maximum consideration payable under the Open Offer.

New Directors and Profiles​

Mr. Mahesh Alabhai Odedra and Mr. Hiren Rambhai Odedra were appointed to the Board, both serving as Additional Directors in the Promoter Category. Both individuals hold roles related to the change in management pursuant to the Open Offer.

A detailed overview of the new directors and their professional profiles is provided below:

Shareholding Commitments​

The Acquirers have agreed specific shareholdings pursuant to the Preferential Issue and Open Offer:

Leadership and Committee Reconstitution​

The Board meeting also addressed key changes in leadership and corporate governance structures. Mr. Sanjaykumar Sevantilal Shah (DIN: 01748617), who served as Executive Director and Chief Financial Officer, resigned from his roles effective from the close of business hours on June 27, 2026, due to a change in management pursuant to the Open Offer.

Consequently, Mr. Sanjaykumar Sevantilal Shah ceased to be a Member of the Nomination and Remuneration Committee (NRC) and the Stakeholder Relationship Committee (SRC). The Board subsequently approved the reconstitution of both committees.

The members of the reconstituted committees are as follows:

Nomination & Remuneration Committee (NRC)

Stakeholders Relationship Committee (SRC)

Office Relocation Approved​

The Board of Directors approved the shifting of the Company's Registered Office within the local limits of Ahmedabad City. The shift is intended to facilitate operational expansion, provide a larger modern office space, and improve administrative efficiency.

The details of the relocation are as follows:


The relocation remains within the local limits of Ahmedabad City.

Stock Price Movement​

Noble Polymers Ltd settled on Monday at ₹4.87, having edged up 1.88% in the market close. The shares traded completely flat throughout the day, remaining locked at that single price point.