Appointmentof Mr. Arun Raj (DIN 11735448) as an Additional director to be designated as the Non Executive Director
Awaiting price reaction for this filing.
Koiya International Ltd's board meeting on 29 May 2026 approved the appointment of Mr. Arun Raj as an Additional Director designated as Non-Executive Director, subject to shareholder approval at the ensuing AGM. Arun Raj has over 5 years of experience in the textile industry, specialising in production coordination, quality control, and operational management. He is not related to any existing director and is not debarred from holding a directorship. The meeting also approved the audited financial results for Q4 and FY ended March 2026, showing a net loss of Rs 31.36 Lakhs — an improvement from Rs 41.84 Lakhs loss in the prior year. Other outcomes included appointment of a new internal auditor (Manas Dash & Co.) and authorization for a preferential issue.
The appointment adds a sector-experienced non-executive director to the board, which may provide operational oversight given the company's continued losses and negative equity of Rs 95.97 Lakhs. The improved but still significant loss position warrants monitoring.