AGM clears 5-year statutory auditor term, regularises independent director appointment

Shareholders of Pankaj Polymers Ltd approved two items at the 34th AGM held Wednesday, September 30, 2026.

Sat 3 Oct 2026

AGM

34th AGM held Wednesday, September 30, 2026

Statutory Auditor Appointed

M/s. Shilpi Sharma & Co., Chartered Accountants (FRN: 021442N)

Auditor Term

5 (five) years

Independent Director

Mr. Prashant Kumar Jha regularised for five (5) consecutive years

Resolution Type

Special Resolution with requisite majority

Pankaj Polymers Ltd has informed the exchanges about the items its members approved at the company's Annual General Meeting.

What was approved

• Appointment of M/s. Shilpi Sharma & Co., Chartered Accountants (Firm Registration No. 021442N), as Statutory Auditors of the Company.
• Appointment and regularisation of Mr. Prashant Kumar Jha (DIN: 11276931) as an Independent Director.

Statutory auditor

The members approved the appointment for a period of 5 (five) years, based on the recommendation of the Audit Committee and the Board of Directors. The term runs from the conclusion of the 34th AGM until the conclusion of the 39th AGM to be held in the calendar year 2031. Remuneration will be such amount plus applicable taxes and out of pocket expenses as may be determined and recommended by the Audit Committee in consultation with the Auditors and duly approved by the Board, with liberty to the Board, on the recommendation of the Audit Committee, to revise the remuneration for the subsequent years of the said term. The firm is described as a firm of Chartered Accountants providing professional services in statutory audit, audit and assurance, tax audit, internal financial controls audit, taxation, valuation, and consultancy services.

Independent director

The shareholders approved the appointment and regularisation of Mr. Prashant Kumar Jha as an Independent Director by way of a Special Resolution passed with requisite majority, for a term of five (5) consecutive years, effective from the date of his initial appointment by the Board. A Special Resolution requires a higher level of shareholder approval than an ordinary resolution. The company had disclosed the details pertaining to his appointment in relation to his appointment as an Additional (Independent) Director.

The update is signed by Mayank Chawla, Whole-time Director & CEO.

How a retail investor can read this

• These are outcomes of the company's own Annual General Meeting, covering two items of regular board and management business.
• The auditor arrangement covers multiple years, so the same firm audits the accounts until the 39th AGM referred to in the update.
• "Regularisation" here means a director who was first appointed by the Board as an Additional (Independent) Director now has shareholder approval for a full five-year term.

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