Prima Plastics Limited appoints Shriya Chaudhary as chairman leaves

On November 6, 2026, Prima Plastics Limited appointed Mrs. Shriya Vedant Chaudhary as whole-time director for a proposed five-year term, subject to shareholder approval, while Mr. Bhaskar Manharlal Parekh resigned as chairman and whole-time director on the same date after more than 30 years with the company.

Why did Prima Plastics change its board leadership?

Prima Plastics said Bhaskar Parekh resigned due to personal reasons, with his cessation as chairman and whole-time director effective November 6, 2026. In his resignation letter dated November 6, 2026, Bhaskar Parekh said there were no other reasons for his departure and that he would cease to hold the chairman designation at the close of business on that date.

The transition replaces one executive board position with another but does not name a new chairman in the disclosed annexures. Bhaskar Parekh also stepped down from the Stakeholders’ Relationship, Management and Corporate Social Responsibility Committees on November 6, 2026, meaning the filing records changes to both the board chair and those committee roles.

Bhaskar Parekh described his tenure at Prima Plastics as lasting more than 30 years. His letter characterised that period as a long association with the board, management and employees, while the formal November 6, 2026 disclosure gives personal reasons for the leadership change rather than citing a business, financial or governance event.

What is Shriya Chaudhary’s appointment term at Prima Plastics?

Prima Plastics appointed Shriya Chaudhary as an additional director in the capacity of whole-time director with effect from November 6, 2026. The appointment requires shareholder approval and, if approved, is for five consecutive years from November 6, 2026 until the company’s 37th annual general meeting, or AGM.

The announced role is executive rather than independent or non-executive because the disclosure expressly designates Shriya Chaudhary as a whole-time director. Her addition remains subject to a shareholder decision, so the five-year tenure is not described as unconditional in the November 6, 2026 filing.

The relationship disclosure identifies Shriya Chaudhary as the daughter of Dilip Manharlal Parekh, who is described in the filing as Prima Plastics’ chairman and managing director. The announcement does not state any alteration to Dilip Parekh’s stated positions following the November 6, 2026 board changes.

What experience does Shriya Chaudhary bring to Prima Plastics?

Prima Plastics said Shriya Chaudhary has served as its business development manager since 2019 and holds a bachelor’s degree in communications from Northeastern University. The company’s profile says her work has included sales, marketing, operations, new-product development and identifying business opportunities across Prima entities.

According to Prima Plastics’ November 6, 2026 disclosure, Shriya Chaudhary championed the digitisation of operations and led the brand’s digital marketing presence. The company also said she introduced its e-commerce presence across online marketplaces, describing that channel as developed from the ground up without identifying a separate revenue figure.

The stated responsibilities for her whole-time director role are strategic business development, product innovation and market expansion. These are plans described in the appointment profile, not quantified targets, and the filing provides no timetable, capital allocation or revenue objective for those activities as of November 6, 2026.

How does Bhaskar Parekh’s departure affect Prima Plastics’ board?

Prima Plastics’ filing shows that Bhaskar Parekh’s departure ended his combined roles as chairman and whole-time director from November 6, 2026. Shriya Chaudhary’s appointment fills a whole-time director position, but the separate annexures do not say that she will assume the chairman role Bhaskar Parekh vacated.

The company’s disclosure distinguishes the two events by recording Bhaskar Parekh’s change as a resignation and Shriya Chaudhary’s change as an appointment. It records that Bhaskar Parekh’s last day was November 6, 2026, whereas Shriya Chaudhary’s proposed five-year term remains subject to shareholder approval through the 37th AGM.

The filing identifies Dilip Parekh as chairman and managing director in the relationship disclosure for Shriya Chaudhary. That reference confirms the appointee’s connection to an existing executive director, while the November 6, 2026 announcement provides no details of board committee replacements following Bhaskar Parekh’s exit.

What other changes did Prima Plastics disclose on November 6, 2026?

Prima Plastics also appointed Mr. Hitendra Bhupatrai Bhalaria as an additional non-executive independent director from November 6, 2026. Subject to shareholder approval, his term is also proposed for five consecutive years until the 37th AGM, and the company said he is not related to any of its directors.

The November 6, 2026 results filing separately reported the earlier demerger of the rotational moulding business to Prima Innovation Limited. The National Company Law Tribunal, Ahmedabad Bench, sanctioned that scheme on March 16, 2026, and the demerger became effective on March 31, 2026, with an appointed date of July 1, 2024.

For the year ended March 31, 2026, the discontinued rotational moulding business reported revenue from operations of Rs 50.9693 crore and a loss after tax of Rs 2.0278 crore. Prima Plastics said its continuing business is exclusively engaged in plastic articles and related products, with no applicable reportable operating segments under Indian Accounting Standard 108.

Conclusion

Prima Plastics disclosed an executive transition effective November 6, 2026: Bhaskar Parekh left after more than 30 years with the company, while Shriya Chaudhary was appointed as an additional director and whole-time director. The filing also records the appointment of an additional independent director and the completed March 31, 2026 demerger of rotational moulding operations.

The next disclosed matter is shareholder approval for Shriya Chaudhary’s proposed five-year appointment through the 37th AGM. The filing leaves unresolved who will hold the chairman role and how the Stakeholders’ Relationship, Management and Corporate Social Responsibility Committees will be reconstituted, while Shriya Chaudhary’s profile sets out plans for business development, product innovation and market expansion.