UFLEX Limited announced at its 37th Annual General Meeting on July 29, 2026, that shareholders approved the re-appointment of Paresh Nath Sharma as an Independent Director for a second five-year term, commencing February 11, 2027 and ending February 10, 2032. The move signals governance continuity as the company eyes long-term strategic governance alongside its expanding portfolio.
Paresh Nath Sharma brings a substantial background to the board. A science graduate and Fellow Member of the Institute of Chartered Accountants of India, he also completed a Senior Management Course at Henley Management College, UK. With about four and a half decades of experience in finance, audit, export, personnel and administration, his career includes leadership roles at Sir Ganga Ram Hospital, MMTC Limited, Airport Authority of India, National Small Industries Corporation Limited, and Punjab State Civil Supplies Corporation Limited, among others. The company noted that he is not related to any of UFLEX’s directors and is not debarred from holding office by SEBI or other authorities.
In addition to the board move, UFLEX approved alterations to its Memorandum of Association under the Companies Act, 2013, broadening the company’s objects to reflect a wider array of activities—from packaging and printing to information technology, renewable energy and waste recycling. Separately, shareholders approved an increase in the aggregate foreign investment limit for NRIs and OCIs from 10% to 24% of the paid-up equity share capital, signaling greater capital mobility for the group’s future growth. These changes together underscore UFLEX’s focus on governance stability while expanding its strategic horizons.
Overall, the announcements reinforce UFLEX’s intent to maintain continuity at the top while actively widening its business footprint and investment flexibility, positioning the company to navigate an evolving industrial landscape.