Please refer to the attached annexure.
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The Board of Directors of Kothari Fermentation & Biochem Ltd held a meeting on December 22, 2025, and approved two key matters. First, based on the Audit Committee's recommendation, it re-appointed M/s RADAM & Associates, Chartered Accountants (FRN: 008280C), as the Internal Auditor of the Company for FY 2025-26, effective April 1, 2025. Second, the Board took note of and confirmed a ₹25 crore loan facility from Karur Vysya Bank Limited, which includes takeover and repayment of the existing Kotak Mahindra Bank loan along with a fresh disbursement for business purposes. RADAM & Associates is a merged firm of three established CA practices, empanelled with RBI and C&AG.
The re-appointment of the existing internal auditor signals continuity in audit oversight without disruption, while the ₹25 crore bank facility (refinancing plus fresh capital) may improve the company's liquidity position and lower borrowing costs if the new terms are more favorable than the Kotak Mahindra loan.