Time Technoplast Limited has tapped two seasoned governance professionals to its board, announcing at its August 5, 2026 meeting the appointment of Hema Rajendra Gaitonde and Devendra Jitendra Shah as Additional Non-Executive Independent Directors for a first term of five years, subject to approval by members at the forthcoming AGM. The move signals a deliberate strengthening of independent oversight as the company navigates growth and regulatory complexities.
Hema Rajendra Gaitonde brings a deep background in corporate law, finance and regulatory compliance. A commerce and law graduate from Mumbai University, she is a Fellow Member of the Institute of Company Secretaries of India (FCS) and a Fellow Member of the Institute of Cost Accountants of India (FCMA). With more than three decades of experience, she has held senior roles across accounts, finance and corporate secretarial functions in manufacturing and pharmaceutical sectors and has operated in independent practice since 2003, offering governance and compliance advisory to diverse corporates.
Devendra Jitendra Shah, aged 71, is a seasoned governance professional and Fellow Member of the Institute of Company Secretaries of India. His career spans over five decades in company law, secretarial practice, finance and regulatory matters. He began his career with the RBI and the Mafatlal Group, later serving as Company Secretary/Vice-President (Legal) at Kesar Enterprises Ltd and, from 2015 to 2018, as Whole-Time Director & Company Secretary. He has been a consultant to the company and currently serves as a Non-Executive, Non-Independent Director, with board roles across several entities and experience in governance, ESG and strategic oversight.
In addition to adding two independent voices to the board, Time Technoplast also approved a reconstitution of several board committees to reflect the refreshed leadership slate. The company has fixed September 15, 2026 as the record date for the proposed final dividend, should shareholders approve it at the 36th AGM, slated for September 22, 2026 via video conferencing. Together, the changes underscore an emphasis on strengthening governance, accountability and long-term strategic direction for the next phase of the company’s growth.