Announced Wed, 28 Oct, 2026 · 17:18 IST
Founder B.N. Kalyani resigns; Amit B. Kalyani becomes Chairman
KSL · price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Founder-promoter B.N. Kalyani resigned as chairman and director after 53 years on October 28, 2026. His son Amit B. Kalyani became chairman from October 29, and B.N. Kalyani became chairman emeritus. Geeta Shamrao Jadhav was appointed chief human resources officer. Consolidated September-quarter revenue was Rs 4,943.81 million and profit after tax Rs 798.66 million, versus Rs 4,560.69 million and Rs 625.36 million a year earlier.
Likely market impact
The orderly family succession and strong earnings may support investor sentiment, while the founder's board retirement keeps governance under watch.