REMOVAL OF MR. SULEKH KUMAR AGGARWAL
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
KMG Milk Food held an Extraordinary General Meeting on December 26, 2025, where shareholders approved the removal of Mr. Sulekh Kumar Aggarwal (DIN: 01593131) from his position as Non-Executive Non-Independent Director with immediate effect. The removal was justified on grounds of negligence in discharging his duties, failure to perform assigned responsibilities, and persistent non-compliance with directions of the Board. The EGM was attended by 11 members holding 3,493,035 equity shares, with voting conducted through remote e-voting and ballot papers. The results will be submitted to the stock exchange within the prescribed timeline.
Shareholders have removed a sitting director due to governance concerns, which is a notable corporate governance action. This may signal internal board-level conflicts and could affect investor confidence, though the company appears to be taking corrective action to enforce accountability on its board.