KOTIC · price
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Awaiting price reaction for this filing.
Mr. Velayutham Anburaj (DIN: 10836969), a Non-Executive Independent Director, has resigned from the board of Kothari Industrial Corporation Ltd effective from the close of business hours on May 15, 2025. He cited personal reasons for his departure and confirmed there are no other material reasons behind the resignation. He also stepped down from membership in board committees of the company. The company filed this intimation to BSE under SEBI Listing Regulations on May 16, 2025.
This is a routine independent director exit for personal reasons with no governance red flags, so it is unlikely to materially affect the stock price. Investors may want to monitor whether the company fills the vacancy in a timely manner to maintain board composition requirements.