Further to our letter no.02020B/VMRL/2025/129 dated December 2, 2025, we hereby inform you that the Board, in its meeting held on 05.02.2026, considered the nomination of Shri Rajesh Jacob, ....
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The Board met on 5 February 2026 to appoint Shri Rajesh Jacob (Dy. General Manager & CCO of KSIDC, DIN: 06443594) as the new KSIDC Nominee Director, replacing outgoing nominee Shri Hari Krishnan R (DIN: 10762540). However, Mr. Rajesh Jacob declined, citing personal constraints, and did not provide the statutory consent required to join the board. KSIDC has been informed but has not yet proposed an alternative nominee, so the appointment could not proceed.
The seat previously held by KSIDC's nominee remains effectively vacant for now, which could create a short-term governance gap on the board but is unlikely to affect operations or the stock price materially, as KSIDC is expected to propose another nominee soon.