Appointment of Mr. Ranveer Kumar as Company Secretary and Compliance Officer with effect from May 05, 2026.
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Kisan Mouldings Ltd's board meeting on May 5, 2026 resulted in significant leadership changes. Mr. Sanjeev Amarnath Aggarwal stepped down as Chairman and Managing Director citing preoccupation with other assignments. Independent Director Mr. Sunil Agarwal also resigned due to professional commitments and left the Audit Committee. The company reported a consolidated net loss of Rs. 741.89 lakhs for FY26 compared to a profit of Rs. 339.16 lakhs in FY25. Mr. Arun Agarwal was promoted from Non-Executive Director to Managing Director (effective June 1, 2026), and Mr. Ranveer Kumar was appointed as Company Secretary and Compliance Officer. The statutory auditors (Sen & Ray) and secretarial auditors also resigned, with new firms appointed.
The dual resignation of the CMD and an Independent Director on the same day, combined with multiple auditor changes and a significant net loss, signals governance instability. The cash position dropped sharply to Rs. 192.35 lakhs from Rs. 794.49 lakhs year-on-year, which could concern shareholders.