Sunshield Chemicals Ltd Confirms Reappointment of Cyrus Poonevala as Independent Director
Sunshield Chemicals Ltd has confirmed the reappointment of Mr. Cyrus Poonevala as an Independent Director, following a resolution passed at its 39th Annual General Meeting held on July 3, 2026. The appointment marks the second term for Mr. Poonevala and is set to become effective from January 15, 2027.The reappointment was made after Mr. Poonevala attended the company's AGM, which was conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM).
Mr. Poonevala, who holds a background as an experienced Aircraft Engineer, possesses over 30 years of experience in the aviation industry, with a specific focus on Maintenance. His extensive experience is expected to contribute balanced guidance to the Board regarding operations, risk oversight, and governance matters at Sunshield Chemicals Ltd.
As per the disclosures, Mr. Poonevala has no relationship with any of the existing Directors of the Company. Furthermore, he is not debarred from holding the office of a Director by virtue of any SEBI Order or other such authority.
Key details regarding the appointment of Mr. Cyrus Poonevala are presented below:
| Particulars | Details |
|---|---|
| Director's Name | Mr. Cyrus Poonevala |
| Effective Date of Appointment | January 15, 2027 |
| Term Duration | Five years |
| Professional Profile | Aircraft Engineer with over 30 years experience in the aviation industry (Maintenance focus) |
| Relationship Status | Not related to any Directors of the Company |
| Debarment Status | Not debarred by SEBI or any other authority |
Stock Price Movement
As the market closed today, shares of Sunshield Chemicals Ltd settled at ₹1204.95 on Friday, ticking up 1.67% or ₹19.80.Throughout the trading session, the stock experienced significant movement, navigating a range that stretched from a low of ₹1180.00 to an intraday high of ₹1227.00.
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