Board approves appointment of Prashanth Vasu as Non-Executive and Non-Independent Director

Board of Chemplast Sanmar approved the appointment of Mr Prashanth Vasu as Non-Executive and Non-Independent Director from 9th October, 2026, filling the casual vacancy from Mr V S Radhakrishnan's resignation.

Fri 9 Oct 2026

Appointment Effective Date

9th October, 2026

Board Composition After Appointment

5 Independent and 3 Non-Independent Directors

Appointee Age

54

Board change at the top

• The Board of Chemplast Sanmar approved the appointment of Mr Prashanth Vasu as a Non-Executive and Non-Independent Director of the Company with effect from 9th October, 2026.
• The appointment was made on the recommendation of the Nomination and Remuneration Committee and fills a casual vacancy arising out of the resignation of Mr V S Radhakrishnan from the Board.
• The update states Mr Vasu is not related to any Director of the Company and is not debarred from holding the office of Director by any order passed by SEBI or any other such authority.
• The appointment is subject to the approval of the shareholders of the Company, and he is liable to retire by rotation.

Who is Mr Prashanth Vasu

• He is 54 years old. He holds a Bachelor's degree in Mechanical Engineering from the Indian Institute of Technology Madras, a Master's degree in Industrial Engineering from Texas A&M University and a Master of Business Administration from the Indian School of Business, Hyderabad, where he was part of the founding batch.
• He joined The Sanmar Group in February, 2024. Before that, he was with Ramco Systems (2021-23), based in Chennai, as President and Strategic Business Unit (SBU) Head of Logistics and ERP.
• Earlier, he served as a Partner with McKinsey & Company, where he spent 18 years (2002-20), working across functions and industries, with a particular interest in organisation transformation and leadership development. He started his career with Sanmar PTI Filters in 1997.
• He also serves on the boards of Xomox Sanmar Limited, Anderson Greenwood Crosby Sanmar Limited, BS and B Safety Systems (India) Limited, Alteons Energy Private Limited and Chemplast Cuddalore Vinyls Limited.
• The update records Nil disclosure of relationships between directors in respect of this appointment.

Board composition after the appointment

• 5 (five) Independent Directors and 3 (three) Non-Independent Directors.

What this means for investors

• This is a board-level appointment and not a change in the company's day-to-day operations: the position is non-executive, so the appointee is not part of the executive management team.
• The seat is being filled against a vacancy created by a resignation, so the change relates to filling an existing position on the Board.
• The Board meeting was held on 9th October, 2026, commencing at 4.10 PM and concluding at 4.25 PM.

What to watch

• The appointment takes effect from 9th October, 2026 and is subject to shareholders' approval, so the item would come to shareholders for approval.
• As a Non-Independent Director, he is liable to retire by rotation, which is the normal cycle for such directors on the Board.

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