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The board of Kisaan Parivar Industries Ltd (BSE Scrip: 519230) met on 15 July 2025 and approved several governance changes. Independent Director Mr. Satyanarayana Vaddi resigned effective 24 June 2025, and statutory auditors M/s. Vasireddy & Associates resigned effective 2 July 2025. To fill these vacancies, the board appointed Ms. Kodakanti Prathyusha and Mr. Srikar Thirukoveluri as Additional Independent Non-Executive Directors for a 5-year term, and M/s. M G S Reddy & Co, Chartered Accountants, as new statutory auditors for 5 years. Board committees (Audit, Nomination & Remuneration, Stakeholders Relationship) were reconstituted with the new directors, with Ms. Prathyusha chairing the Audit and Stakeholders Relationship committees and Mr. Thirukoveluri chairing the Nomination & Remuneration committee. All appointments are subject to shareholder approval.
This is a governance restructuring with no direct financial or operational impact. Shareholders should note the complete change of statutory auditors and substantial refresh of the independent director slate, which may influence future audit quality and board oversight but does not immediately affect the company's business or stock price.