Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors ....
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Kotia Enterprises Ltd announced key leadership changes following a board meeting on July 23, 2025. Mr. Manoj Kumar Bansal resigned as Managing Director effective the same day, citing personal reasons and professional commitments. In his place, Mr. Anil Gupta, a post-graduate in commerce with expertise in financial management and accounts, has been appointed as Additional Director (Non-Executive, Non-Independent) and subsequently as Managing Director for a 5-year term ending July 22, 2030, subject to shareholder approval. The Board also reconstituted its Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee with new members and chairpersons. Mr. Anil Gupta holds no shares in the company.
This is a routine leadership transition with the outgoing MD resigning for personal reasons and a new MD being appointed with relevant financial expertise. The 5-year tenure provides leadership stability, though shareholders' approval will be required at the next general meeting. Investors should monitor for any further disclosures regarding the strategic direction under the new management.