Notice of Postal ballot with covering letter
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Awaiting price reaction for this filing.
Kaycee Industries has issued a postal ballot notice seeking shareholder approval for the appointment of Mr. Raman Krishnamoorthy (DIN: 10766058) as Whole Time Director for a three-year term from August 2, 2025 to August 1, 2028. The proposed remuneration is a monthly salary of Rs. 2,65,000 with an annual increment of Rs. 25,000, along with standard perquisites such as PF, gratuity, medical benefits, travel reimbursement, and a car with driver. Mr. Krishnamoorthy, aged 52, is already serving as Chief Operating Officer and Manager of the company since May 2021 and previously drew Rs. 26.18 Lakhs in FY2024-25. He brings over 25 years of experience across banking, healthcare, and manufacturing sectors with stints at ICICI Bank, IndusInd Bank, Union Bank of California, and Vasan Healthcare. Remote e-voting begins on September 27, 2025 and ends on October 26, 2025, with results to be announced on or before October 28, 2025. The resolution is proposed as a Special Resolution.
This is a routine internal elevation of an existing senior executive to the board, subject to shareholder approval. No material change in operations is expected, and the impact on the stock is likely neutral. Shareholders should review the remuneration terms and cast their votes before the October 26, 2025 deadline.