Appointment and Resignation of Directors
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kartik Investments Trust Ltd announced board changes at its May 14, 2025 meeting. Mr. Jeeva Balakrishnan, a People & Culture leader with 30+ years of experience across Reliance Retail, Raymond Group, and Bannari Amman, was appointed as a Non-Executive Non-Independent Additional Director, subject to shareholder approval. Simultaneously, Mr. R Chandrasekar resigned as Non-Executive Director citing other commitments, effective the same day. The board also approved audited financial results for Q4 and FY ended March 31, 2025, with statutory auditor M/s. R Sundararajan & Associates issuing an unmodified opinion. Key financials: total income fell sharply to Rs 0.90 lakh in FY25 from Rs 5.93 lakh in FY24, while net loss narrowed to Rs 1.08 lakh from Rs 2.58 lakh. Reserves declined to Rs 395.46 lakh from Rs 422.77 lakh. The 47th AGM is scheduled for August 5, 2025.
The simultaneous appointment and resignation maintains board continuity with no change in board size; the appointment of an experienced HR/culture leader brings fresh expertise to a small investment company. Weak income and declining reserves highlight ongoing operational challenges, though losses are modest.