Board approves Internal Auditor for FY 2026-27 and appointment of CFO

Board on 12 October, 2026 approved two appointments: M/s. Nirav Patel & Associates, Chartered Accountant, as Internal Auditor for the financial year 2026-27, and Mr. Prakash Hiralal Parekh, Managing Director and Promoter.

Mon 12 Oct 2026

Internal Auditor Appointed

M/s. Nirav Patel & Associates, Chartered Accountant, for the financial year 2026-27

CFO Appointed

Mr. Prakash Hiralal Parekh, Managing Director and Promoter, with effect from 12 October, 2026

Board Meeting Date

12 October, 2026

Two Key Managerial Personnel moves were approved at the board meeting held on 12 October, 2026:

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

The internal auditor

The update describes M/s. Nirav Patel & Associates as an Ahmedabad based Chartered Accountancy firm, formed in 2009. Its stated areas of work include statutory audit, internal audit, tax audit and management consultancy, and also bookkeeping, international taxation, project finance, capital fund raising, business valuation, takeover, amalgamation, merger and acquisition, corporate compliances, SEBI regulation compliances, stock exchange compliances and labour law compliances, along with liaisoning with various government and semi-government authorities.

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. The update records 23+ years of experience in the plastic industry.

What these roles do

• An internal auditor reviews the company's internal processes and controls and reports to the board and its audit committee; this appointment is made for the financial year 2026-27.
• A CFO heads the finance function, including financial reporting and controls, and is part of the Key Managerial Personnel.
• Both appointments take effect from 12 October, 2026, the date of the board meeting, which commenced at 3.15 PM and concluded at 3.30 PM.

How an investor can read it

• The details are given in two annexures, one for each appointment.
• For both appointments, the disclosure of relationship with directors is marked NA, and the resignation letter column is marked NA.
• These are administrative and governance-related changes concerning who audits internal processes and who heads the finance function.

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