Kritika Wires Limited has informed the Exchange regarding Appointment of Mr Joyjit Das as Non- Executive Independent Director of the company w.e.f. August 14, 2025.
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Kritika Wires' board met on August 14, 2025 and approved several items. Two new Independent Directors were appointed: Mr. Joyjit Das and Mrs. Sarika Kedia, both for 5-year terms, filling casual vacancies caused by the resignations of Mr. Niraj Jinal and Mr. Shiv Kumar Saraff. Remuneration of existing directors was revised – Managing Director Hanuman Prasad Agarwal up to Rs. 60 lakh per annum, Naresh Kumar Agarwal up to Rs. 20 lakh, and Ankush Agarwal up 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 FY25-26. The Board's Report for FY25 was also approved, and the 21st AGM is scheduled for September 24, 2025 via video conferencing.
Routine board housekeeping with no major strategic change. The pay hikes for promoter-family directors may draw attention at the AGM, while the independent director resignations and quick replacements suggest a smooth governance transition rather than any controversy.