Appointment of Mr. Pravin D. Zagade as Chief Operating Officer and Manager with effect from April 01, 2026 subject to share holders approval
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Kaycee Industries reported its Q3 FY26 results with standalone revenue from operations at Rs 1,444.78 lakhs, up about 22% year-on-year from Rs 1,186.77 lakhs. Net profit for the quarter rose to Rs 122.75 lakhs from Rs 97.12 lakhs, while nine-month net profit stood at Rs 412.64 lakhs versus Rs 400.56 lakhs last year. The board also approved the re-designation of Mr. Raman Krishnamoorthy from Whole Time Director to Non-Executive Director effective March 31, 2026, and the appointment of Mr. Pravin D. Zagade, a former L&T senior leader with 37+ years of operations experience, as Chief Operating Officer and Manager effective April 1, 2026, subject to shareholder approval. Statutory auditors issued an unmodified limited review opinion on the results.
Steady topline growth and improved quarterly profitability signal healthy operating momentum, while the leadership transition brings in a seasoned manufacturing and supply-chain professional to drive operations, which is broadly positive for execution going forward. The exit of the Whole Time Director to a non-executive role may be watched for governance implications, but no immediate negative read is suggested.