KIRIINDUSNSEKiri Industries Limited· Dyes And PigmentsMediumNeutral
Announced Mon, 2 Mar · 17:15 IST

Kiri Industries Limited has informed the Exchange about General Updates

Management Changes View source PDF

KIRIINDUS · price

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AI summary

Kiri Industries has informed the exchanges that its material unlisted subsidiary, Indo Asia Copper Limited (IACL), has appointed Mr. Nanubhai Kathiria (DIN: 00319037) as an Additional Non-Executive Independent Director for a period of five years effective March 02, 2026, subject to shareholder approval. This appointment is made to comply with SEBI Listing Regulation 24, which mandates that at least one independent director from the listed parent company's board must sit on the board of an unlisted material subsidiary. Mr. Kathiria is a Fellow Member of ICSI with over 38 years of experience in company law, corporate law, mergers, secretarial audit, IPOs, and intellectual property rights, and he is not debarred from holding directorship by SEBI or any other authority.

Likely market impact

This is a routine governance compliance disclosure with no material financial or operational impact on Kiri Industries shareholders. The appointment strengthens the subsidiary's board independence and is consistent with regulatory requirements.