Pankaj Polymers Appoints Key Directors and Approves Corporate Office in Noida
Pankaj Polymers Ltd has finalized several key leadership appointments following a meeting of its Board of Directors held on June 09, 2026. The board approved the appointment of five additional directors across various categories and sanctioned the establishment of a new corporate office in Noida.The appointments include seasoned professionals from the banking, technology, and fintech sectors. Mr. Mayank Chawla was appointed as an Additional Director and designated as Chief Executive Officer and Whole-time Director, a Key Managerial Personnel role. This appointment is set for a term of five years, effective June 09, 2026, and is subject to the approval of the members.
The company also welcomed Mr. Vikas Garg and Mr. Rahul Nagar, both appointed as Additional Directors in the category of Non-Executive Non-Independent Director. Their tenure was set until the date of the ensuing General Meeting, effective from June 09, 2026. Ms. Siba Narayan Panda and Ms. Richa Kalra were also appointed as Additional Directors in the category of Non-Executive Independent Director for a term of five consecutive years, starting on the same date.
The new board composition brings considerable expertise spanning over four decades in finance, payments, and technology across all newly inducted members. Mr. Mayank Chawla brings over 25 years of experience from roles at Bharti Airtel, Paytm, and Edenred, focusing on telecom, fintech, and digital payments. Mr. Vikas Garg is a Chartered Accountant with more than 25 years in the digital and financial services ecosystem, having held positions at Paytm, ICICI Bank Limited, and Ibibo Group.
The newly appointed directors are detailed below:
| Director Name | Category/Designation | Tenure | Key Experience Highlights |
|---|---|---|---|
| Mr. Mayank Chawla | Additional Director / CEO & WTD (KMP) | 5 years | 25+ years in telecom, fintech, digital payments; held roles at Bharti Airtel and Paytm. |
| Mr. Vikas Garg | Additional Non-Executive Director | Until ensuing GM | CA with 25+ years experience; Co-founder of Kredmint; roles include Paytm and ICICI Bank Limited. |
| Mr. Rahul Nagar | Additional Non-Executive Director | Until ensuing GM | Technology/fintech entrepreneur; Co-founder of Kredmint; held leadership at IBM, Accenture, and Paytm. |
| Mr. Siba Narayan Panda | Additional Independent Director | 5 years | Over 40 years in banking/financial sector; served at Reserve Bank of India (RBI) for nearly 36 years. |
| Ms. Richa Kalra | Additional Independent Director | 5 years | Qualified Company Secretary with over 20 years experience, holding roles at DCM Financial Services and Confidence Petroleum India Limited. |
In addition to the personnel changes, the Board approved the establishment of a Corporate Office for Pankaj Polymers Ltd in Noida. This office is located at B-46, First Floor, Sector-2, Noida, Uttar Pradesh - 201301, and it will serve as an operational presence distinct from the company’s Registered Office.
Stock Price Movement
Pankaj Polymers Ltd closed today at ₹59.60, shedding 4.94% for the day. The shares moved within an intraday range spanning from a low of ₹59.57 to a high of ₹62.70.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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