Change in Management- Appointment of Independent Directors and Resignation of Independent Director
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On August 16, 2025, KCD Industries India's board approved major management changes. Three new Independent Directors were appointed: Mr. Hari Om Patidar (Company Secretary with 8+ years of experience), Ms. Devyani Chhajed (Chartered Accountant and Company Secretary), and Ms. Ritu Tiwari (Company Secretary with 10+ years of corporate governance experience). Each new appointee has a proposed 5-year term, subject to shareholder approval at the next AGM. At the same time, four directors stepped down: Ms. Swati Gupta (Professional & Non-Executive Independent Director), Mr. Manish Kumar Jain (Non-Executive Independent Director), Ms. Ritakshi Khandelwal (Non-Executive Director), and Mr. Akash Tarunkumar Shah (Executive Director). The Managing Director & CEO, Mr. Rajiv Chandulal Darji, continues in his role. All changes are effective from August 16, 2025.
This is a significant board overhaul that includes the exit of an Executive Director, which may affect day-to-day management decisions. Shareholders should note the departure of 2 independent directors alongside the appointment of 3 new ones, which may temporarily affect board committee compositions until shareholder approval at the AGM.