Appointment of CFO
KOTIC · price
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Kothari Industrial Corporation Ltd has appointed Mr. V. Anand as the new Chief Financial Officer with effect from 28th October 2025, following the resignation of the previous CFO, Mr. Hari Kishore. Mr. Anand, aged 55, holds a B.Com degree and is a JAIIB certified banker with over 29 years of experience at Karur Vysya Bank in middle and senior management roles. After taking voluntary retirement from the bank in 2023, he joined Kothari Industrial as General Manager – Business Development and Finance, where he contributed to project execution and financial management. He has now been promoted internally to the CFO role and will serve as a whole-time key managerial personnel under Section 203 of the Companies Act, 2013.
This is a smooth internal transition with no apparent disruption, as the new CFO is a known insider already familiar with the company's finances. Shareholders should note the change in financial leadership, but an internal promotion typically signals continuity rather than strategic shifts.