Appointments and Resignation of directors
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The board of Kakatiya Textiles met on September 5, 2025, and approved several key items. The 43rd Annual General Meeting is scheduled for September 30, 2025, to be held via video conferencing. Mr. Vanka Ravindranath resigned as Director, while Ms. Ravali Vanka (daughter of Mrs. Vanka Raja Kumari) was appointed as Non-Executive Director, indicating a family-led succession on the board. Two new Independent Directors — Mr. Kosuru Venkata Sai Charan and Mrs. Kalidindi Padmavathi — were appointed for 5-year terms. The company also appointed M/s. P S Rao & Associates as Secretarial Auditor and M/s. Brahmayya & Co. as Statutory Auditor, both for 5-year terms up to the 48th AGM.
For shareholders, this is largely a routine governance update with one director exit and replacement within the promoter family. The appointment of experienced independent directors and a well-established statutory auditor (Brahmayya & Co., founded in 1932) supports board strength and audit credibility, though the promoter family entry may raise questions about board independence.