Resignation of Mr. Rangachary from his position as Chairman and Director with effect from closing hours of August 01, 2025
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Mr. N Rangachary (DIN: 00054437) has resigned as Independent Director and Chairman of Kaycee Industries Ltd, effective from the close of business hours on August 1, 2025. The resignation is attributed to age-related personal reasons, and the director has confirmed there are no other material reasons behind his exit. Consequent to his resignation, he will also cease to be Chairperson of the Stakeholder Relationship Committee and a member of the Audit Committee and Nomination and Remuneration Committee. Mr. Rangachary continues to serve as a Non-Executive Director at Salzer Electronics Limited. The announcement was made on July 28, 2025, under SEBI Listing Regulations.
This is a routine, personal-reason-driven exit by a long-serving independent director and Chairman. No governance red flags have been raised, but the company will need to appoint a new Chairman and fill the independent director seat in due course.