Please find the attached intimation of Resignation of Mrs. Vani Jain, Independent Director of the company.
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KG Petrochem Limited's Board meeting on May 27, 2026 accepted the resignation of Mrs. Vani Jain as Independent Director, effective from close of business hours the same day. The reason cited was 'pre-occupation' with no other material reasons provided. Simultaneously, the board appointed Mr. Anjal Kejriwal as an Additional Director (Non-Executive, Independent) for a 5-year term subject to shareholder approval. The meeting also approved the audited FY2026 standalone financial results showing net profit of Rs 445.13 lakhs (down from Rs 550.82 lakhs YoY) and revenue of Rs 31,365.62 lakhs (down from Rs 37,538.82 lakhs YoY). M/s Arpit Vijay & Co. was appointed as the new internal auditor. The statutory auditors issued an unmodified opinion on the financial statements.
The resignation of an independent director followed by immediate appointment of a replacement helps maintain board independence, but the 'pre-occupation' reason without further detail could raise minor governance questions. The FY2026 financial performance shows declining revenue and profitability year-on-year, which may concern investors.