Appointment of CFO
KOTIC · price
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Kothari Industrial Corporation Ltd has appointed Mr. V. Anand as the new Chief Financial Officer of the company with effect from 28th October 2025. The appointment follows the resignation of the previous CFO, Mr. Hari Kishore. Mr. V. Anand, aged 55, is a B.Com graduate and JAIIB-certified banker with over 29 years of experience at Karur Vysya Bank across credit, risk management, and branch operations. He had joined Kothari Industrial as General Manager – Business Development and Finance in 2023 after taking voluntary retirement from the bank, and is now being internally promoted to the CFO role. He will be a whole-time Key Managerial Personnel of the company under Section 203 of the Companies Act, 2013.
This is a smooth internal transition with no change in leadership direction for shareholders — the new CFO is already familiar with the company's finances. Investors should note that a previous CFO departed, but the replacement is a known insider, reducing execution risk.