KOTIC · price
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Kothari Industrial Corporation has appointed Mr. Ravikumar Perumal as an Additional Non-Executive Independent Director effective October 29, 2025, for a five-year term subject to shareholder approval. Mr. Perumal is not related to the promoter group and brings over 34 years of experience across strategic leadership, marketing, and operations. Separately, Mr. Dakshinamoorthy Gunasekaran will retire from the board on completion of his second term as Independent Director, also effective October 29, 2025. Following these changes, the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee have been reconstituted with new chairmanships and member compositions.
This is a routine board refresh — one independent director exits at the natural end of his term and an experienced external professional joins to replace him, with no change in promoter representation or control. Shareholders should expect no material impact on stock price or business direction, though the appointment is subject to shareholder approval at the next general meeting.