Enclosing herewith the Resignation of Managing Director w.e.f. 01.04.2026
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Mr. M. P. Jackson has resigned as Managing Director of KSE Limited, with the resignation taking effect from 1 April 2026. The reason is his recent election as Chairman of Irinjalakuda Municipality and Chairman of the Chamber of all Municipal Chairpersons in Kerala, which requires his full attention. The Board has noted the resignation and recorded its appreciation for his services. Until a new Managing Director is appointed, a three-member Board committee — Mr. Tom Jose (Non-Executive Chairman), Mr. Paul Francis (Executive Director), and Mr. Dony Akkarakaran George (Whole-time Director) — will handle the MD's powers and operational responsibilities. Mr. Jackson has confirmed there are no other material reasons for his exit beyond those stated, and has pledged cooperation during the transition.
The exit is voluntary and driven by public/political commitments rather than company performance issues, which limits negative read-through. However, the leadership transition — without a named successor yet — may create short-term uncertainty until a new Managing Director is appointed, potentially weighing on sentiment.