Pursuant to the Regulations 30 of SEBI (LODR) Regulattion,2015 the Board of Director at their Meeting held on 23.05.2024 approved and noted the Change in management of the company.
Awaiting price reaction for this filing.
At its meeting on 23rd May 2025, the Board of Kashyap Tele-Medicines Limited approved a sweeping management change alongside the audited financial results for Q4 and FY ended 31st March 2025, which carried an unmodified auditor's opinion. Managing Director Mr. Amit Agrawal resigned citing pre-occupation, along with directors Mr. Raghav Agrawal and Mr. Ayushman Khemka. Mr. Raghav Agrawal also stepped down as Chief Financial Officer (Key Managerial Personnel), effective 24th May 2025. To fill these roles, the Board appointed Mr. Kalpesh Bipin Sheth as the new Managing Director for five years and his spouse Mrs. Heena Kalpesh Sheth as Whole-time Director for five years, both subject to shareholder approval. Additionally, Mr. Samir Ambavi was appointed as an Additional Non-executive Director. Resignation letters were enclosed with the filing.
This is a near-complete leadership turnover: the previous Managing Director, CFO, and two directors are exiting the same day, and a new team led by the Sheth family is taking the top executive spots. Shareholders should watch for the shareholder approval of the new MD/Whole-time Director appointments at the next general meeting, and review the audited FY25 results for signs of how the business performed under the outgoing management.