KOTIC · price
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Awaiting price reaction for this filing.
Mr. D. Gunasekaran, a Non-Executive Independent Director of Kothari Industrial Corporation Ltd, retired on October 29, 2025, upon completing his second consecutive five-year term as an Independent Director. He also ceased to hold positions as Chairman/Member of Board committees at the close of business on that day. The Board recorded its appreciation for his contributions, and the retiring director confirmed there are no other material reasons for his cessation. The company has provided the revised composition of its Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee effective October 30, 2025.
This is a routine, planned retirement at the end of the director's tenure and is not expected to have any material impact on the company's operations or stock price. Existing board members continue to fill all committee roles.