Mr. Sunil Agarwal, Independent Director of the Company has tendered her resignation with effect from closure of business hours on May 05, 2026 due to reason as stated in his email dated May 05, 2026.
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Kisan Mouldings Limited witnessed major leadership changes in its May 5, 2026 board meeting. Chairman and Managing Director Mr. Sanjeev Amarnath Aggarwal and Independent Director Mr. Sunil Agarwal both resigned effective May 5, 2026. Additionally, both Statutory Auditors (M/s. Sen & Ray) and Secretarial Auditors (M/s. Nidhi Bajaj & Associates) resigned. To fill gaps, the board appointed Mr. Arun Agarwal as Managing Director (effective June 1, 2026), Mr. Ranveer Kumar as Company Secretary/KMP, and appointed new firms for auditing roles. Financially, the company reported consolidated loss of Rs. 741.89 lakhs for FY2026 vs profit of Rs. 339.16 lakhs in FY2025, with standalone loss of Rs. 738.35 lakhs. Revenue from operations stood at Rs. 24,932.65 lakhs.
The company is undergoing significant transition with multiple top-level resignations including the CEO and independent director, alongside auditor changes. The substantial loss in FY2026 combined with these governance changes could raise concerns among investors about leadership stability and financial performance.