irgo Polymers India Limited has announced the appointment of Mr. Krishnamurthy Murali (Membership No. ACS 20089) as the new Company Secretary (CS) and Compliance Officer with effect from March 20, 2025. The decision was approved by the Board of Directors at their meeting held on March 20, 2025, which commenced at 04:00 PM and concluded at 04:30 PM.

Background and Reason for the Appointment

Earlier, the Board of Directors had appointed Mr. B. Sukumar (Membership No. FCS 3033) as the Company Secretary and Compliance Officer, effective March 1, 2025, during the Board Meeting held on February 26, 2025. However, Mr. Sukumar expressed his inability to assume the role due to personal reasons and hence did not join the company. Consequently, the Nomination and Remuneration Committee recommended the appointment of Mr. Murali, and the Board approved his appointment.

Details of the Appointment

As per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable provisions, the company disclosed the following details:

• Date of Appointment: March 20, 2025
• Reason for Change: Appointment of Mr. Murali due to the unavailability of Mr. Sukumar
• Terms of Appointment: Appointed by the Board with effect from March 20, 2025, under the provisions of Section 203 and 205 of the Companies Act, 2013, and Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The terms and conditions of the appointment will be as per the appointment letter and decided by the Board.

Profile of Mr. Krishnamurthy Murali

Mr. Krishnamurthy Murali brings with him a wealth of experience in company secretarial and financial roles. He has held various key positions in reputed organizations, including:

• Beardsell Ltd: Served as Company Secretary for 14 years, managing corporate compliance and regulatory requirements. He retired from Beardsell Ltd in March 2022.
• WS Industries (India) Ltd and Acqueon Technologies Pvt Ltd: Held company secretarial positions in these organizations.
• BBL Daido Pvt Ltd: Worked as Secretary and Finance Manager in 2007.
• Trimentus Technologies Pvt Ltd: Served as Company Secretary in 2007.
• Airlift Container Lines Pvt Ltd: Worked as Accounts Manager from 2000 to 2006.
• South Asian Financial Exchange Ltd: Worked as Assistant Manager (Accounts & Secretarial) from 1988 to 1999.

Mr. Murali began his career as an Accounts Assistant in small firms between 1982 and 1987, gaining hands-on experience in accounting and corporate compliance.

Key Areas of Expertise

Mr. Murali possesses extensive expertise in the following areas:

• Corporate Law Compliance: Proficient in ensuring compliance with corporate laws, including the Companies Act, SEBI (LODR) Regulations, ICDR, SAST, and PIT Regulations.
• Mergers and Acquisitions: Extensive experience in handling mergers, demergers, and preferential issues.
• Rights and Bonus Issues: Successfully handled Rights Issues in 2021 and managed Stock Splits and Bonus Issues effectively.
• Investor Relations and Grievances: Managed relationships with Registrar & Transfer Agents (RTAs) and depositories such as NSDL and CDSL while handling investor grievances.
• Board/Committee Management: Expertise in organizing Board/Committee Meetings, AGMs, EGMs (physical and OAVM), and conducting Postal Ballots.
• Statutory Compliance: Well-versed in maintaining statutory registers, preparing minutes of meetings, and ensuring that the company’s website remains updated per SEBI regulations.

Disclosure of Relationships and Shareholding

• Relationship with Directors/Key Managerial Personnel: Mr. Murali is not related to any Director or Key Managerial Personnel of the company.
• Shareholding in the Company: Mr. Murali does not hold any shares in Virgo Polymers India Limited.

Impact of the Appointment

The appointment of Mr. Krishnamurthy Murali as Company Secretary and Compliance Officer is expected to enhance corporate governance and regulatory compliance within the organization. With his diverse background and expertise in corporate law compliance, Mr. Murali will play a crucial role in ensuring that the company adheres to all statutory and regulatory guidelines.

Board's Decision and Compliance

The decision to appoint Mr. Murali was made considering the immediate need for a qualified professional to manage the compliance and regulatory functions of the company. The Board expressed confidence that Mr. Murali’s vast experience will contribute to strengthening the company’s compliance framework.

Regulatory Disclosure and Compliance

This disclosure has been made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, along with Part-A of Schedule III and SEBI Circular No. SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023.

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