Shri Jagdamba Polymers Ltd Announces Key Board Changes: Ramakant Bhojnagarwala Designated as Chairman; Two New Independent Directors Appointed

Shri Jagdamba Polymers Ltd Announces Key Board Changes: Ramakant Bhojnagarwala Designated as Chairman; Two New Independent Directors Appointed​

Shri Jagdamba Polymers Ltd announced several significant changes in its board composition and committee structure following a Board meeting held on July 06, 2026. The decisions included the resignation of long-serving directors, the cessation of an independent director's term, and the appointment of two new independent directors, alongside the redesignation of existing leadership.

Effective immediately, Mr. Vikas Shrikishan Agarwal resigned from his post as a Director due to other professional commitments. Simultaneously, Mr. Maheshkumar Gaurishanker Joshi completed his two terms as an Independent Director and ceased in this role as well.

A key transition involves the designation of Mr. Ramakant Bhojnagarwala. He was redesignated as the Chairman of the Company, with this new role effective from July 07, 2026.

New Appointments and Director Profiles​

The Board approved the appointment of two additional directors on the recommendation of the Nomination & Remuneration Committee. Both appointments are set for a term of five consecutive years, commencing July 07, 2026, subject to shareholder approval.

Mr. Aalay Mehta was appointed as an Additional Non-Executive Independent Director. He is described as the business owner of a Textile Drying and allied machinery manufacturing unit with over two decades of experience. Mr. Mehta holds a Bachelor of Commerce degree and a Diploma in International Business, leveraging his expertise in production coordination and client relationship management within the textile sector.

Mr. Hardik Shah was also appointed as an Additional Non-Executive Independent Director. His background includes a Master of Business Administration (MBA), a Post Graduate Diploma in Hospital and Health Management (PGDHHM), and a Bachelor of Physiotherapy (BPT). Mr. Shah possesses strong expertise in strategic planning, financial management, operational excellence, and regulatory compliance within hospital administration.

Reconstitution of Board Committees​

In view of the changes within the company's leadership, the Board approved the reconstitution of all key committees, effective from July 07, 2026. The structure of the Audit Committee, Nomination and Remuneration Committee, Stakeholder Relationship Committee, and Corporate Social Responsibility Committee was formally revised.

Key members and roles for the reorganized committees are detailed below:

Audit Committee

Nomination and Remuneration Committee

Stakeholders Relationship Committee

Corporate Social Responsibility Committee

Stock Price Movement​

Shri Jagdamba Polymers Ltd. settled at ₹573.30 after the close of trade today, dipping by ₹1.60 or 0.28%. The shares saw movement during the day, ranging from a low of ₹560.00 to an intraday high of ₹577.95.