Polymac Thermoformers Ltd updates Board composition; Independent Director resigns, new appointee announced
Polymac Thermoformers Ltd has made changes to its board of directors. The company recorded the resignation of Mr. Abhay Goenka as an Independent Director and simultaneously approved the appointment of Mr. Titas Bose as an Additional Director designated as an Independent Director. These decisions were finalized during a Board meeting held on June 23, 2026.Mr. Abhay Goenka tendered his resignation from the post of Independent Director, effective June 22, 2026. The company confirmed that the resignation was due to personal and unavoidable circumstances. Mr. Goenka also provided confirmation stating that there are no other material reasons for his departure beyond those specified in his resignation letter.
The Board subsequently approved the appointment of Mr. Titas Bose as an Additional Director designated as an Independent Director. This appointment is effective from June 23, 2026, and is set for a term of five consecutive years, subject to the approval of the company's Members. Mr. Bose's professional background includes work in the field of Finance, Accounts, and Taxation, where he manages affairs related to accounting and taxation.
The details of both the resignation and appointment are summarized below:
| Status | Director Name | Effective Date | Reason for Change |
|---|---|---|---|
| Resignation | Mr. Abhay Goenka (DIN: 09286187) | June 22, 2026 | Personal and unavoidable circumstances |
| Appointment | Mr. Titas Bose (DIN: 11782825) | June 23, 2026 | Appointed as Additional Director / Independent Director |
Stock Price Movement
Polymac Thermoformers Ltd settled at ₹11.00 on Wednesday’s close, posting a substantial drop of 19.59%. The shares traded completely flat throughout the session, with the intraday high and low remaining identical.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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