BSEKaiser Corporation LtdMediumNeutral
Announced Wed, 30 Jul · 19:01 IST

Intimation of appointment of Additional Non-Executive Independent Directors of the Company

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AI summary

Kaiser Corporation Ltd has informed BSE that its Board of Directors approved the appointment of two Additional Non-Executive Independent Directors with effect from July 30, 2025. The new directors are Mr. Gitesh Nimkar (DIN: 02342111) and Mrs. Hufrish Variava (DIN: 11219649), subject to shareholder approval at the next general meeting. Mr. Nimkar is a commerce graduate with experience in accounts and software, while Mrs. Variava is also a commerce graduate with experience in accounts and administration. Both are based in Mumbai, not related to any existing directors, KMPs, or promoters, and are not debarred from holding a director's office by SEBI or any other authority.

Likely market impact

Adding two independent directors strengthens the Board's independent oversight, which is generally viewed positively by shareholders. The appointments require shareholder ratification at the next general meeting.