Kritika Wires Limited has informed the Exchange regarding Board meeting held on August 14, 2025.
KRITIKA · price
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Kritika Wires' board approved the Board's Report for FY ended March 31, 2025, and revised remuneration for three directors: Managing Director Hanuman Prasad Agarwal (up to Rs. 60 Lacs p.a.), Director Naresh Kumar Agarwal (up to Rs. 20 Lacs), and Director Ankush Agarwal (up to Rs. 45 Lacs), subject to shareholder approval. Two new Independent Directors were appointed — Mr. Joyjit Das and Mrs. Sarika Kedia — to fill casual vacancies caused by the resignations of Mr. Niraj Jinal and Mr. Shiv Kumar Saraff. M/s. RSG & Associates was appointed as Secretarial Auditor for five years, and M/s. M. Kumar Jain & Co. was re-appointed as Internal Auditor for FY 2025-26. The 21st AGM is scheduled for September 24, 2025 via video conferencing.
The remuneration hikes for the three promoter-family directors will increase operating costs, while the induction of two new independent directors with strong governance backgrounds strengthens board oversight. The resignations of two prior independent directors followed by fresh appointments suggest ongoing board renewal without major disruption.