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 Chaiman and Managing Director to a Non-Executive Director with effect from the closure of business hours of 8 August 2022 and approved appointment of Mr. Ramesh Tainwala as Chairman and Additional Managing Director with effect from 9 August, 2022 for a term of 5 years.