Intimation of Sad Demise of Chairman & Managing Director and Outcome of Emergency Board Meeting
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Kings Infra Ventures Ltd has informed the BSE about the sudden demise of its Chairman & Managing Director, Mr. Shaji Baby John, who passed away on 14 December 2025. Mr. Shaji Baby John was the founding visionary of the company and a pioneer of India's seafood exports and aquaculture sector. An emergency Board meeting was held on 15 December 2025, where the Board noted the loss and resolved that Mr. Baby John Shaji, the current Joint Managing Director, will assume the responsibilities, powers, and functions of the Managing Director until further decision. The Board also confirmed that the senior leadership team — including the COO (International Business), Head of Operations (Seafood Exports), COO (Aquaculture), CFO, Company Secretary, and Executive Director — will ensure uninterrupted operations and compliance.
The sudden loss of the founder-Chairman & MD is a significant event that may lead to short-term sentiment-driven volatility in the stock. However, an immediate succession arrangement (JMD taking over MD duties) and an experienced management team are in place to maintain operational continuity, which may cushion the longer-term impact.