BSEKG Denim LtdMediumNeutral
Announced Wed, 6 May · 12:39 IST

KG Denim Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/05/2026 ,inter alia, to consider and approve the appointment of Mr M Balaji, Company ....

Cfo ResignedKmp ResignedManagement Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-3.3%1-day move
₹15.85
prior close
₹15.94
base price
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AI summary

KG Denim Ltd has scheduled a board meeting on 12 May 2026 to consider appointing Mr M Balaji as the new Chief Financial Officer and Key Managerial Personnel (KMP). Mr M Balaji is currently serving as the Company Secretary of the company and is being promoted internally to the CFO role. This appointment is a consequence of the resignation of Mrs. Ramaprabha S from the position of CFO. The company has informed BSE about this meeting in compliance with SEBI regulations.

Likely market impact

The resignation of Mrs. Ramaprabha S and internal promotion of Mr M Balaji indicates a leadership change in the finance function. Shareholders should monitor the board meeting outcome, as the dual role of Company Secretary and CFO for Mr M Balaji may raise governance considerations.