We hereby wish to inform that based on the recommendation of Nomination and Remuneration Committee and approval of Audit Committee, the Board of Directors at their Meeting held today i.e. ....
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K G Denim Limited's Board of Directors meeting on May 12, 2026 approved the appointment of Mr. M Balaji as Chief Financial Officer (Key Managerial Personnel) effective the same day. The appointment was made based on the recommendation of the Nomination and Remuneration Committee and with the approval of the Audit Committee. Mr. Balaji holds an Honours Degree in Commerce from University of Calcutta and is an Associate Member of ICSI, ICAI, and ICMAI. He brings around 30 years of professional experience having worked in senior positions at ACC Ltd. and ECE Industries Ltd. The appointment complies with Section 203 of the Companies Act, 2013 and SEBI Listing Regulations.
The appointment of a new CFO with extensive qualifications and three decades of experience in finance, accounts, costing, legal, and secretarial functions may provide stability to the company's financial leadership. No immediate impact on stock price is expected as this is a routine appointment.