Dear Sir/Madam, Enclosed herewith resignation of Mr. Sagar Shetty. Kindly take above cited information on your record.
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KCD Industries India informed BSE about changes approved at its board meeting on May 6, 2025. Mr. Sagar Shetty resigned as Non-Executive Non-Independent Director effective May 5, 2025, citing pre-occupation. In his place, two new directors were appointed the same day: Mr. Sahil Shah as Additional Non-Executive Non-Independent Director, and Mr. Akash Shah as Additional Executive Director. Notably, the two new appointees are brothers (siblings of each other), and both come from a real estate consultancy and infrastructure background. Their appointments are subject to shareholder approval.
Shareholders should note that one brother has been brought in as an Executive Director, which could signal increased family involvement in day-to-day management. The resigning director has confirmed no material reasons other than pre-occupation, so the change appears orderly rather than disruptive.