Rajshree Polypack Limited (NSE:RPPL) filed an intimation under Regulation 30 of the SEBI Listing Regulations on 5 August 2026, disclosing that its board approved the re-appointment of two promoter directors and the appointment of a new Company Secretary and Compliance Officer at the same meeting.
Key Highlights
- Mr. Ramswaroop Radheshyam Thard (DIN: 02835505) is re-appointed as Managing Director for five years from 15 October 2026 to 14 October 2031, subject to shareholder approval.
- Mr. Naresh Radheshyam Thard (DIN: 03581790) is re-appointed as Joint Managing Director for five years from 1 February 2027 to 31 January 2032, subject to shareholder approval.
- Ms. Shefali Mehto, an Associate Member of the Institute of Company Secretaries of India, has been appointed Company Secretary and Compliance Officer with effect from 5 August 2026.
- Both directors are founders and promoters of the company, and are brothers; neither is debarred by SEBI or any other regulatory authority from holding directorial office.
About the Company
Rajshree Polypack Limited (NSE:RPPL), headquartered in Maharashtra, is engaged in the manufacture of plastic packaging products, operating in the packaging and plastics sector. The company was co-founded by the Thard family and has been listed on the National Stock Exchange. Its operations span plastic packaging solutions catering to industrial and consumer end-markets across India.
Announcement in Detail
The board of Rajshree Polypack Limited, acting on the recommendation of the Nomination and Remuneration Committee, approved three management changes at its meeting on 5 August 2026, which concluded at 2:00 PM. The re-appointments of both promoter directors are contingent on subsequent approval by the members of the company, meaning shareholders will need to ratify these decisions before they take legal effect.
Mr. Ramswaroop Radheshyam Thard, the company's founder and Managing Director since incorporation, holds a Bachelor's degree in Engineering from the University of Pune and brings over 30 years of experience in the plastic packaging industry. He established M/s. S. R. Plastics in 1996. Mr. Naresh Radheshyam Thard, co-founder and Joint Managing Director, has over 29 years of industry experience and technical expertise in plastic packaging. Ms. Shefali Mehto's appointment as Company Secretary is effective immediately from 5 August 2026, on a full-time employment basis, and does not require shareholder ratification under the applicable regulatory framework.
Impact on Investors
Investors will note that the re-appointments of both promoter directors are subject to shareholder approval, which means formal confirmation of leadership continuity is pending until the requisite member resolution is passed. The filing shows that both individuals have been associated with the company since its incorporation, so their continued presence in executive roles does not represent a change in the company's operational leadership structure.
The disclosed terms indicate that the appointment of Ms. Shefali Mehto as Company Secretary fills the compliance officer role immediately, addressing a key governance requirement under SEBI Listing Regulations. Shareholders will observe that neither director is debarred from office by SEBI or any other authority, as confirmed in the annexures filed alongside the announcement.
Sector / Market Context
India's plastic packaging industry serves a broad range of end-use sectors, including food and beverages, pharmaceuticals, and consumer goods. According to data cited by industry bodies such as the Plastic Export Promotion Council, domestic demand for rigid and flexible plastic packaging has continued to grow, supported by expanding organised retail and fast-moving consumer goods distribution networks across urban and semi-urban markets. Companies in this segment have been subject to ongoing regulatory scrutiny regarding single-use plastics, making stable and experienced leadership relevant to sustained compliance and business continuity.