Pursunat to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, we wish to inform you that appointment of Mr. Sumit Kumar Jha as an additional Independent ....
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Kinetic Trust Ltd has announced the appointment of Mr. Sumit Kumar Jha (DIN: 10547500) as an additional Independent Director with effect from May 1, 2026. Mr. Jha is a qualified Company Secretary from the Institute of Company Secretaries of India and has expertise in Companies Act, SEBI LODR regulations, and other corporate laws. His appointment is for a term up to the conclusion of the ensuing Annual General Meeting, extendable up to five years subject to shareholder approval. The company has confirmed that Mr. Jha is not debarred from holding the office of Director by SEBI or any other authority. The appointment complies with Regulation 30 and Regulation 17(1) of SEBI LODR Regulations, 2015.
This is a routine board strengthening exercise. The appointment brings an experienced corporate law professional to the board as an independent director. As an 'additional' director pending shareholder approval, this is standard practice and unlikely to have immediate stock price impact.