Kritika Wires Limited has informed the Exchange regarding Appointment of Mrs Sarika Kedia as Non- Executive Independent Director of the company w.e.f. August 14, 2025.
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Kritika Wires held a board meeting on August 14, 2025 covering several decisions. Two new Independent Directors were appointed: Mr. Joyjit Das and Mrs. Sarika Kedia, both for 5-year terms, filling casual vacancies left by the resignations of Mr. Niraj Jinal and Mr. Shiv Kumar Saraff. Remuneration for three directors was revised upward — Managing Director Hanuman Prasad Agarwal to Rs. 60 lakh p.a., Naresh Kumar Agarwal to Rs. 20 lakh, and Ankush Agarwal to Rs. 45 lakh, all subject to shareholder approval. M/s. RSG & Associates was appointed as Secretarial Auditor for 5 years, and M/s. M. Kumar Jain & Co. was re-appointed as Internal Auditor for FY 2025-26. The Audit Committee, CSR Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee were all reconstituted with the new independent directors. The 21st AGM is scheduled for September 24, 2025 via video conferencing.
Two independent director exits and replacements in a single meeting signals notable board-level turnover, though both replacements are qualified governance professionals. The higher pay for promoter-family directors is subject to shareholder vote, so retail investors will get a say at the September 24 AGM.