Please find attached the intimation of Appointment of Mr. Anjal Kejriwal as an Additional Director as Non-Executive - Independent Director and resignation of Mrs. Vani Jain from the post ....
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KG Petrochem's Board meeting on May 27, 2026 approved audited standalone financials for FY 2025-26 showing Total Income of Rs 3,213.88 Lakhs (down from Rs 3,794.25 Lakhs in FY 2024-25) and Profit After Tax of Rs 445.13 Lakhs (down from Rs 550.82 Lakhs). EPS declined to Rs 8.53 from Rs 10.55. The company appointed Mr. Anjal Kejriwal as Additional Non-Executive Independent Director for a 5-year term (May 2026 to May 2031), subject to shareholder approval. Simultaneously, Mrs. Vani Jain resigned as Independent Director citing pre-occupation, effective close of business on May 27, 2026. The board also appointed M/s Arpit Vijay & Co. as the new Internal Auditor. The statutory auditor issued an unmodified opinion on the financial results.
The resignation of an independent director may raise governance concerns among investors, though the immediate appointment of a replacement helps maintain board independence. The decline in revenue and profitability for FY 2025-26 is a key concern that investors should monitor, as it reflects challenging business conditions in the textile and technical textile segments.