Kesoram Industries Limited has informed the Exchange about Postal Ballot Notice - Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
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Kesoram Industries has sent out a Postal Ballot Notice to shareholders seeking approval (via Special Resolution) to re-appoint Mr. Radhakrishnan Padmalochanan as Whole-time Director and Chief Executive Officer for one more year, effective August 8, 2025. His existing remuneration cap of up to ₹5.29 crore per annum will continue unchanged. Voting will be conducted electronically through NSDL from August 6, 2025 to September 4, 2025, with results expected by September 6, 2025. The filing highlights that the company's reported FY25 net profit of ₹5,431.51 crore was almost entirely driven by a one-time demerger gain of ₹5,675.63 crore from the hiving off of its Cement business on March 1, 2025; underlying operations showed no operational profit. The Board has emphasised that retaining Mr. Radhakrishnan is critical for post-demerger restructuring and managing the residual businesses (Rayon, Transparent Paper and Chemicals).
For shareholders, this is a routine leadership continuity proposal and not a strategic shift. However, the explanatory statement itself flags that the company has no profits on a standalone basis and is paying remuneration above statutory limits under Schedule V, which signals ongoing dependence on the demerger windfall rather than core earnings power.