SPP Polymer Limited Approves Key Director Reappointments and Registered Office Shift
SPP Polymer Limited, during a Board Meeting held on July 23, 2026, approved several key decisions concerning its internal audit structure, corporate governance appointments, and the relocation of its registered office.The Board meeting confirmed approvals for significant changes in organizational structure. The company received approval from the Regional Director, Delhi, dated July 16, 2026, allowing the shift of the Registered Office jurisdiction from ROC Delhi to the jurisdiction of ROC Dehradun within Uttarakhand. This change was approved by the Board and is effective from July 24, 2026.
The company also finalized appointments for several key management personnel and professional services as part of its board meeting decisions. These decisions include the appointment of a new internal auditor and the reappointments of existing directors for future terms.
The details regarding the appointments, reappointments, and audit firm are summarized below:
| Particulars | Managing Director | Whole-time Director | Whole-time Director | Internal Auditor |
|---|---|---|---|---|
| Name of Person / Firm | Mr. Dipak Goyal | Mr. Mahavir Bahety | Mr. Liladhar Mundhara | T P Maheshwari And Co. |
| Reason for change | Re-appointment | Re-appointment | Re-appointment | Appointment |
| Date of appointment/re-appointment & Term | 05.08.2026 (3 years) | 06.10.2026 (3 years) | 06.10.2026 (3 years) | 23.07.2026 |
| Brief profile | Mr. Goyal, who is currently the Managing Director of the Company, possesses over 20 years of experience across polymer manufacturing, luggage, plastic goods, and hospitality businesses. He has driven new business opportunities, financial strategy development, and relationship building with clients and suppliers. | Mr. Bahety, a Whole-Time Director, brings expertise in Financial Planning and Analysis, Strategic Leadership, Operational Efficiency, Risk Assessment, Business development, and Compliance & Regulatory Affairs. He has over three decades of experience in the Polymer and other industries. | Mr. Mundhara, a Whole-Time Director, possesses over three decades of experience in the Plastic Industry, holding senior positions in manufacturing and trading various plastic materials. He is involved in the manufacturing, import, and export of HDPE/PP, woven fabric, and related products. | The firm has been established since FY 2018-19 and specializes in Audit, Taxation, Internal Audit, GST Compliances, and advisory services. They have served government departments, PSUs, private companies across various sectors, NGOs, educational institutions, and charitable trusts. |
During the meeting, the Board also confirmed that there is no relationship between any of the directors of the company. Furthermore, the company received confirmation that all appointee Directors are not debarred from holding the office of a director by virtue of any SEBI order or other authority.
SPPPOLY Stock Price Movement
SPP Polymer Limited shares settled flat today, closing at ₹12.80 after trading in the market session. The stock maintained its previous level during the day's activity.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.