Board approves appointment of Chief Financial Officer and Internal Auditor

Board of HCP Plastene Bulkpack met on 12 Oct 2026 and approved two appointments: Mr. Prakash Hiralal Parekh, Managing Director and Promoter, as Chief Financial Officer (CFO) with effect from 12th October 2026.

Mon 12 Oct 2026

CFO Appointment Effective Date

12th October 2026

Internal Auditor Term

FY 2026-27

Board Meeting Date

12 October 2026

Two appointments approved at the 12 October 2026 board meeting

The Board of Directors of HCP Plastene Bulkpack Limited met on 12 October 2026. The meeting commenced at 3.15 PM and concluded at 3.30 PM. The Board approved two appointments.

• Mr. Prakash Hiralal Parekh has been appointed as the Chief Financial Officer (CFO) of the Company with effect from 12th October 2026, on the terms and conditions approved by the Board.
• M/s. Nirav Patel & Associates, Chartered Accountant, has been appointed as the Internal Auditor of the Company for the financial year 2026-27, on the terms and conditions approved by the Board.

Who is the new CFO

Mr. Prakash Hiralal Parekh is the Managing Director and Promoter of the Company. He holds a bachelor's degree in chemical engineering and completed his SAP from Mohanlal University, Australia, in 1998. He has 23+ years' experience in the plastic industry.

The same individual therefore continues as Managing Director and Promoter and now also takes charge as CFO.

Who is the internal auditor

M/s. Nirav Patel & Associates is an Ahmedabad based Chartered Accountancy firm formed in 2009. The firm states that it caters to the needs of business owners across several areas: statutory audit, internal audit, tax audit and management consultancy, as well as bookkeeping, international taxation, project finance, capital fund raising, business valuation, takeover, amalgamation, merger and acquisition, corporate compliances, SEBI regulation compliances, stock exchange compliances, labour law compliances and liaisoning work with various government and semi-government authorities. The firm also states it has chartered accountants on its live list specialised in different fields.

What this means for investors

• The CFO post is a key managerial position, and the appointment takes effect immediately, from 12th October 2026.
• The internal auditor appointment runs for the financial year 2026-27.
• The Board approved both appointments on the terms and conditions it approved.

How the news may be read

The CFO appointment gives the company a named person at the head of its finance function, and the person is already the Managing Director and Promoter. Investors may see this as continuity of existing leadership. The internal auditor appointment is an annual exercise covering the financial year 2026-27, and the firm's stated profile covers audit as well as a wider set of advisory areas.

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