Kothari Sugars And Chemicals Limited has informed the Exchange regarding Appointment of Mr. Abdul Kareem Sait as Non- Executive Independent Director of the company w.e.f. Jun 27, 2025.
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Kothari Sugars and Chemicals has appointed Mr. Abdul Kareem Sait (DIN: 03265300) as a Non-Executive Independent Director with effect from June 27, 2025. He will serve an initial term of five consecutive years, subject to shareholder approval at the upcoming 64th Annual General Meeting. Mr. Sait holds a BA in Economics from Loyola College and an MBA in Marketing from a US university, with over four decades of experience spanning safe-deposit locker services, steel, and PVC polymer trade. The company confirmed he is not debarred from holding office under any SEBI order and is not related to the promoters or existing directors.
This is a routine board strengthening move. The addition of an experienced independent director brings fresh marketing and industrial expertise to the board. It is unlikely to have an immediate material impact on the stock price, though it supports governance standards.