KOTIC · price
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Kothari Industrial Corporation Ltd's Board, at its meeting on 29 October 2025, approved the appointment of Mr. Ravikumar Perumal (DIN: 09683689) as an Additional Non-Executive Independent Director for a 5-year term, subject to shareholder approval. Mr. Ravikumar Perumal is not related to the promoter or promoter group and is not debarred by SEBI from holding a director position. In the same meeting, the Board noted the retirement of Mr. Dakshinamoorthy Gunasekaran from the Board upon completion of his second term as Independent Director, effective 29 October 2025. The Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee were accordingly reconstituted. Mr. Perumal brings over 34 years of experience across industries, including senior roles at Phantom FX, and holds an Independent Director certification from IICA and a Chartered Financial Leader designation.
This is a routine board refresh: one independent director's term ended naturally and an experienced new independent director joins in his place, keeping board composition compliant without altering promoter control or signaling governance concerns.