KOTIC · price
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Awaiting price reaction for this filing.
Kothari Industrial Corporation Ltd has informed the stock exchanges that Mr. D. Gunasekaran, a Non-Executive Independent Director, has retired from the Board effective close of business hours on October 29, 2025. His retirement is due to the completion of his second consecutive five-year term as an Independent Director. He also ceased to be a Chairman/Member of Board committees on the same date. The company has reconstituted its Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee with the remaining directors. No material reasons for cessation were disclosed other than term completion.
This is a routine, planned retirement due to the end of the director's allowable tenure and is not expected to materially impact the company's operations or stock price. Shareholders may note the continuity of board committee composition with existing independent and non-independent directors.