Smt. Pridarshinee Kanoria resigned from the directorship of the company and Smt. Stuti Kacker and Shri Anish Kanoria are appointed as an additional director of the company. Shri Rajiv Lall ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kanoria Energy & Infrastructure Ltd held a board meeting on May 20, 2026, announcing several leadership changes. Mrs. Priyadarshinee Kanoria resigned as Whole Time Director effective May 19, 2026 (she is wife of MD Sanjay Kumar Kanoria). In her place, Mr. Anish Kanoria (son of MD) was appointed as Additional Director, while Mrs. Stuti Kacker (retired IAS officer, 1978 batch) was appointed as Additional Independent Director. The company also reported FY2025-26 audited results showing total income of Rs 7,548.67 lakh but profit before tax dropped significantly to Rs 106.08 lakh from Rs 525.19 lakh in FY2024-25 (down ~80%). Net profit fell to Rs 15.58 lakh from Rs 45.05 lakh. The board recommended a 1% dividend (Rs 0.05 per share) for FY2025-26, subject to shareholder approval.
The resignation and appointment of family members suggests a generational transition within the promoter family. The sharp decline in profitability (80% drop in PBT) is concerning for shareholders and may pressure the stock. The appointment of an experienced independent director (Stuti Kacker) could provide governance stability.