Kothari Sugars And Chemicals Limited has informed the Exchange regarding Appointment of Mr. Abdul Kareem Sait as Non- Executive Independent Director of the company for the first term of 5 (five) consecutive years with effect from June 27, 2025.
KOTARISUG · price
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At the 64th Annual General Meeting held on August 6, 2025, shareholders of Kothari Sugars approved three key resolutions. Mr. Arjun B. Kothari was re-appointed as Managing Director for 3 years effective September 1, 2025 — he is the son of Chairperson Mrs. Nina B. Kothari and has led the company for the past 10 years. Mr. Abdul Kareem Sait was appointed as a Non-Executive Independent Director for a first term of 5 years from June 27, 2025, bringing four decades of experience in steel, PVC polymers, and marketing strategy, and is not related to promoters. M/s. Alagar & Associates LLP, the existing secretarial auditor since 2009, was formally appointed for a 5-year term covering FY 2025-26 to FY 2029-30. The company confirmed none of the appointees are debarred by SEBI.
The re-appointment of the promoter-family MD ensures leadership continuity at the top. Adding a new independent director and formalising the secretarial auditor for a 5-year term signal a routine strengthening of board governance, with no material disruption for shareholders.