Appointment of Mr. Varun Kumar (05202005) as an Additional Non-Executive Independent Director of the Company for 5 consecutive years, subject to approval of members at the ensuing 35th AGM.
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Kothari Fermentation & Biochem reported weak Q1 FY26 results with revenue from operations falling to Rs. 2,375.31 lakhs (down ~10% YoY from Rs. 2,635.52 lakhs) and a net loss of Rs. 112.46 lakhs versus a profit of Rs. 109.78 lakhs in the same quarter last year, with EPS turning negative at Rs. (0.75). The auditor flagged outstanding PF dues of Rs. 9.59 lakhs pending for over six months as an emphasis of matter. Dr. Rajiv Agarwal resigned as Independent Director citing personal preoccupation, triggering a reconstitution of all board committees. Mr. Varun Kumar has been appointed as an Additional Non-Executive Independent Director for a five-year term (subject to AGM approval). Promoter family member Mr. Siddhant Kothari (son of CMD Pramod Kumar Kothari) was re-appointed as Whole-Time Director for a fresh term till March 2030, and M/s Priyanka Saxena & Associates was appointed as Secretarial Auditor for five years. The 35th AGM is scheduled for September 30, 2025.
Shareholders should note the sharp swing to a quarterly loss and weak top-line, alongside a small but lingering PF compliance issue. Board-level changes are largely housekeeping — one independent director exits, another enters — with promoter continuity maintained through Siddhant Kothari's re-appointment, so governance continuity is preserved pending AGM approvals.