KOTIC · price
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Awaiting price reaction for this filing.
Kothari Industrial Corporation Ltd (KICL) has informed the stock exchange that Mr. Velayutham Anburaj (DIN: 10836969) has resigned from his position as Non-Executive Independent Director of the company. The resignation was tendered via a letter dated May 15, 2025, and is effective from the close of business hours on the same day. The reason cited is personal reasons, and the director has confirmed there are no other material reasons behind the resignation. The company has enclosed his detailed resignation letter and the required disclosures under SEBI LODR Regulation 30.
This is a routine board-level change involving one independent director exiting for personal reasons, with no governance red flags mentioned. Shareholders should monitor whether a replacement independent director is appointed within the SEBI-mandated timeline to maintain board composition norms.