Please refer to the attached annexure.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors approved the re-appointment of Mr. Pramod Kumar Kothari as Chairman and Managing Director and Mrs. Kavita Devi Kothari as Whole Time Director for a period of three years from April 1, 2026 to March 31, 2029. Mr. Kothari's remuneration has been revised to Rs. 6,00,000 per month and Mrs. Kothari's to Rs. 5,75,000 per month. Both appointments are subject to shareholder approval at the forthcoming general meeting. The document reveals that the entire top leadership comprises immediate family members including their son Mr. Siddhant Kothari (Whole-Time Director) and daughter-in-law Ms. Janhavi Kothari (Executive Director), indicating a fully family-run board.
This is a routine reappointment of existing directors with increased compensation, requiring shareholder approval. However, the disclosure highlights that all key managerial positions are held by family members, which may raise governance concerns for investors focused on board independence.