Tainwala Chemicals and Plastics (India) Limited has made a significant leadership change with the appointment of Ms. Divya Saboo as the Company Secretary, Key Managerial Person, and Compliance Officer of the company, effective November 26, 2024. This move follows the resignation of Ms. Aarti Parmar, who held the position of Company Secretary and Compliance Officer until November 8, 2024. The appointment aligns with the company's effort to ensure smooth governance and compliance, in line with SEBI (Securities and Exchange Board of India)'s Listing Obligation and Disclosure Requirements.

Ms. Divya Saboo's Profile and Experience

Ms. Divya Saboo is a highly qualified professional with membership from the Institute of Company Secretaries of India (ICSI), holding ACS No. 72994. She is also a law graduate, equipped with the necessary expertise to serve in the role of Whole-time Company Secretary and Compliance Officer. Ms. Saboo brings a wealth of experience to the table, having previously worked as a Company Secretary and Compliance Officer at Bang Overseas Limited, where she gained valuable insights into corporate governance, compliance, and regulatory affairs.

Her appointment as the Key Managerial Person and Compliance Officer of Tainwala Chemicals is expected to enhance the company’s focus on maintaining high standards of corporate governance and ensuring compliance with all necessary legal and regulatory frameworks. In this role, she will be pivotal in driving the company’s internal and external compliance mechanisms, including reporting and auditing activities, while also providing strategic advice to the Board on legal and governance matters.

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Regulatory Disclosure and Compliance

In accordance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Board of Directors of Tainwala Chemicals and Plastics formally approved the appointment of Ms. Divya Saboo after the resignation of Ms. Aarti Parmar. The change was disclosed in a timely manner, ensuring full compliance with SEBI's disclosure requirements. The company has also provided a detailed profile of Ms. Saboo's qualifications and experience, which includes her significant role in corporate governance.

This appointment was made based on the recommendations of the Nomination and Remuneration Committee, further ensuring that the leadership transition adheres to the highest standards of governance and fairness. Additionally, it was confirmed that there are no relationships between Ms. Divya Saboo and any directors at the company, emphasizing that the decision was based solely on her professional qualifications.

Impact on Corporate Governance

The appointment of Ms. Saboo is a key part of Tainwala Chemicals’ ongoing efforts to strengthen its corporate governance structure and ensure compliance with evolving regulations. Tainwala Chemicals has long been committed to transparency and ethical practices in its operations, and this leadership change is a step forward in reinforcing the company's dedication to maintaining a strong and compliant governance framework.

The company also ensures that all regulatory filings and disclosures are up-to-date, complying with the stringent requirements set by SEBI. By appointing a highly qualified and experienced individual like Ms. Saboo, Tainwala Chemicals is poised to enhance its governance and compliance procedures, which are critical for sustaining growth and trust with stakeholders.

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