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 Limited's Board meeting on May 27, 2026 approved audited FY2026 results showing total income of Rs 3,213.88 lakh (down from Rs 3,794.25 lakh in FY2025) and net profit after tax of Rs 445.13 lakh (vs Rs 550.82 lakh previous year). Revenue from operations declined to Rs 31,365.62 lakh from Rs 37,538.82 lakh. The company appointed Mr. Anjal Kejriwal as Additional Director (Non-Executive Independent) for a 5-year term effective May 27, 2026, subject to shareholder approval. He has over 15 years of business experience in the textile industry. Concurrently, Mrs. Vani Jain tendered her resignation as Independent Director effective close of business on May 27, 2026, citing pre-occupation as the reason. The Board also appointed M/s Arpit Vijay & Co. as the new Internal Auditor. Statutory auditors H C Bothra & Associates provided an unmodified opinion on the financial statements.
The board changes reflect governance transition with a new independent director appointment replacing a departing one. The decline in revenue and profitability year-on-year may concern investors, though the company maintained positive earnings with EPS of Rs 8.53 down from Rs 10.55.