Appointment of Additional (Non-executive cum Independent) Director
KOTIC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kothari Industrial Corporation Ltd has appointed Mr. Gnanasambandam Venkatraghavan (DIN: 03482581) as an Additional Director in the Non-Executive cum Independent category, effective May 5, 2025. His appointment is for a term of 5 years and is subject to shareholder approval. He brings over 26 years of experience in HR management, payroll, recruitment, compliance, and business strategy, and currently serves as Director at Pathfinder Payroll Solutions Pvt Ltd. The company has confirmed he is not debarred by SEBI, meets independence criteria under the Companies Act 2013, and is not related to the promoter or promoter group. The board approved the appointment on May 3, 2025.
This is a routine board strengthening move and brings experienced HR and business leadership to the board. No material impact on shareholders or stock price is expected, though it may improve governance oversight if the appointment is approved by shareholders.