On December 2, 2024, PolyMechplast Machines Limited held a board meeting, during which key changes to the leadership team were announced. The board formally accepted the resignation of Mr. Sitaram Lokhande as the Chief Executive Officer (CEO) and Key Managerial Personnel (KMP) of the company. Mr. Lokhande’s resignation will take effect at the close of working hours on December 10, 2024. The resignation is due to personal reasons, as mentioned in his resignation letter, a copy of which has been provided in the company's filing.

In line with this change, the board has appointed Mr. Manan Joshi as the new CEO and KMP, effective from December 2, 2024. Mr. Joshi, a seasoned professional, holds a degree in Computer Science and an MBA in International Business from EIILM University in Sikkim, India. He also has management accreditation from Harvard Business School, Boston, USA. Mr. Joshi brings over 15 years of diverse experience across industries such as Safety, Automobile, Writing Instruments, Supply Chain Operations, E-Commerce Solutions, Artificial Intelligence, and Green Energy. His leadership expertise and vision for innovation and growth make him a strategic fit for PolyMechplast Machines.

The Upcoming IPOs in this week and coming weeks are Nisus Finance, Emerald Tyre Manufacturers, Rosmerta Digital and Avanse Financial.

The Current active IPO is Ganesh Infraworld, Suraksha Diagnostic, Agarwal Toughened.

The company has also assured stakeholders that Mr. Joshi is eligible and not disqualified to hold the position of CEO, and there are no conflicts of interest with other directors or key managerial personnel. Mr. Joshi has no shareholding in the company.

PolyMechplast Machines Limited has provided detailed disclosures as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring compliance with statutory requirements for material events. This leadership transition is part of the company’s ongoing commitment to corporate governance and transparency.

For further updates on PolyMechplast Machines Limited and other business developments, including information on IPO opportunities, visit Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today, and stay informed with Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News.

For expert advice and updates, join the Trading with CA Abhay Telegram Channel for trading insights or the Finance Saathi Telegram Channel for the latest on the share market and IPOs.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.