Appointment of Independent Director
KOTIC · price
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Awaiting price reaction for this filing.
Kothari Industrial Corporation Ltd has appointed Mr. Ravikumar Perumal (DIN: 09683689) as an Additional Director in the Non-Executive cum Independent category for a 5-year term starting 29th October 2025, subject to shareholder approval. The appointment coincides with the retirement of Mr. Dakshinamoorthy Gunasekaran from the board on completion of his second term as Independent Director effective 28th October 2025. Mr. Perumal brings over 34 years of experience spanning strategic leadership, operations, and global expansion, having served at Phantom FX, Phantom Studios, and various other firms. The company confirmed he is not debarred by SEBI, is not related to the promoter group, and meets independence criteria under the Companies Act, 2013. Board committees — Audit, Nomination & Remuneration, and Stakeholder Relationship — have been reconstituted accordingly.
This is a routine board refresh with one independent director retiring and a successor with diverse industry experience joining. No governance concerns flagged; impact on share price likely neutral.