Announced Mon, 22 Dec · 16:28 IST

Please refer to the attached annexure.

Management Changes View source PDF

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Price reaction · full curve

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AI summary

The Board of Directors of Kothari Fermentation & Biochem Ltd, at its meeting on December 22, 2025, approved the re-appointment of M/s RADAM & Associates, Chartered Accountants (FRN: 008280C), as the Internal Auditors of the Company for the Financial Year 2025–26, effective from April 1, 2025. The Board also took note of and confirmed a loan facility of ₹25 crore from Karur Vysya Bank Limited, which includes the takeover and repayment of an existing loan from Kotak Mahindra Bank and a fresh disbursement for business purposes. RADAM & Associates is a partnership firm formed in 2020 through the merger of three established CA firms and is empanelled with the RBI and C&AG.

Likely market impact

This is a routine operational update — an auditor re-appointment signals continuity in compliance and governance, while the ₹25 crore bank facility, partly refinancing existing debt and partly adding fresh funds, supports the company's working capital and growth needs without dilution.