Kothari Petrochemicals Limited has informed the Exchange regarding Appointment of Mr. Brij Mohan Bansal as Non- Executive Independent Director of the company w.e.f. August 10, 2025.
KOTHARIPET · price
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Kothari Petrochemicals announced that shareholders at the 36th AGM held on August 5, 2025 approved the re-appointment of Mr. Brij Mohan Bansal and Mr. Gautam Roy as Independent Directors for a second consecutive 5-year term effective August 10, 2025. Mr. Bansal is a former Chairman of Indian Oil Corporation with around 50 years of oil and gas experience, while Mr. Roy is a former Managing Director of Chennai Petroleum Corporation with 44+ years in refinery and petrochemical operations. The company also appointed M/s. V. Vasumathy & Associates as Secretarial Auditors for their first 5-year term covering FY 2025-26 to FY 2029-30. Both directors are confirmed as independent of the promoter group and not debarred by any regulatory authority.
This is a routine governance update with no material impact on the stock. Continuity of experienced oil and gas industry veterans on the board is broadly positive for governance, but re-appointments of independent directors are standard periodic events.