Tainwala Chemicals and Plastics (India) Limited announced at the board meeting held on August 8, 2022 that the company approved approved change in designation of Mr. Rakesh Tainwala from the Chairman and Managing Director to a Non-Executive Director with effect from the closure of business hours of 8 August 2022, resignation of Mr. Rajkumal Tainwala as a Director of the Company with effect from the closure of business hours of 8 August,2022, resignation of Mr. Abhay Munagekar as Independent Director with effect from the closure of business hours of 8 August, 2022, appointment of Mr. Ramesh Tainwala as Chairman and Additional Managing Director with effect from 9 August,2022 for a term of 5 years, appointment of Mr. D S Anand as an Additional Independent Director with immediate effect and appointment of Mr. Uday Mehta as an Additional Independent Director with immediate effect.