Intimation regarding redesignation of CFO as CFO and CEO, Recommendation to shareholders for appointment of Directors.
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The Board of Kesar Terminals & Infrastructure has redesignated Shri Vipul Doshi, the existing Chief Financial Officer, as CEO in addition to his current CFO role. Doshi is a Commerce graduate and Fellow Chartered Accountant with about 40 years of experience in finance, accounts, taxation and auditing. The Board has also recommended to shareholders the appointment of Mrs. Natasha H. Kilachand as a Non-Executive Director in the promoter category; she is the spouse of Executive Chairman Shri Harsh Kilachand and brings over 28 years of experience in branding and merchandising. Additionally, Mr. Mahesh A. Kuvadia, a former Regional Director with the Ministry of Corporate Affairs, has been recommended as a Non-Executive Independent Director for a 5-year term. The 17th Annual General Meeting has been fixed for October 24, 2025.
The elevation of an internal CFO to dual CFO-CEO role suggests continuity in financial stewardship at the top, which may be reassuring to investors, while the induction of a promoter-family member on the Board signals closer family involvement. Shareholders will need to approve the director appointments at the upcoming AGM.