Innovative Tyres appoints Kamlesh Joshi after director's demise

0 min read Updated on 02 Jun 2026, 10:14 AM

Reviewed by

Ashish TScanX News Team

AI Summary

Innovative Tyres & Tubes Limited appointed Mr. Kamlesh Joshi with immediate effect following the death of Mr. Kundankumar Mishra on May 31, 2026. The Board made the appointment during a meeting on May 30, 2026, to ensure operational continuity. Mr. Mishra passed away due to multi-organ failure.

*this image is generated using AI for illustrative purposes only.

Innovative Tyres & Tubes Limited appointed Mr. Kamlesh Joshi to ensure operational continuity following the death of Mr. Kundankumar Mishra on May 31, 2026. The appointment was made by the Board during a meeting on May 30, 2026, as Mr. Mishra was unable to attend due to his critical medical condition. The company stated the change was effective immediately, subject to applicable approvals and compliances.

Mr. Mishra passed away due to multi-organ failure. The Board of Directors and employees expressed their heartfelt condolences to his family and acknowledged his valuable contributions during his tenure with the company.

Key Appointments

Name	Role	Status
Mr. Kamlesh Joshi	Replacement Director	Appointed with immediate effect
Mr. Kundankumar Mishra	Director	Deceased due to multi-organ failure

Historical Stock Returns for Innovative Tyre & Tube Lt

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.94%	-5.78%	-15.63%	-33.19%	+21.49%	+301.54%

What is Mr. Kamlesh Joshi's background and experience that qualifies him for this role?

How will the company ensure a smooth transition of responsibilities following Mr. Mishra's passing?

What are the expected timelines for obtaining the necessary regulatory approvals for this appointment?

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Innovative Tyres & Tubes Board Meeting Outcome: Key Decisions on May 14, 2026

1 min read Updated on 15 May 2026, 11:54 AM

Reviewed by

Anirudha BScanX News Team

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AI Summary

Innovative Tyres & Tubes Limited conducted its rescheduled Board of Directors meeting on May 14, 2026, approving the appointment of an Internal Auditor for FY 2026-27 and noting the resignation of its Company Secretary & Compliance Officer. The Board also reviewed a preliminary GST Department survey, authorising management to take necessary actions, and examined related party transactions and directors' interest declarations. The meeting, held under Regulation 30 of SEBI (LODR) Regulations, 2015, was signed off by Managing Director Munish Chawla.

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Innovative Tyres & Tubes Limited convened its Board of Directors meeting on Thursday, May 14, 2026, at its registered office, following a rescheduling from the originally planned date of May 9, 2026. The meeting, held pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, commenced at 4:15 PM and concluded at 4:45 PM. The Board considered and approved several significant business matters during the proceedings.

Key Decisions at the Board Meeting

The Board deliberated on multiple agenda items and arrived at the following decisions:

Resolution:	Details
Internal Auditor Appointment	Approved appointment of Internal Auditor for Financial Year 2026-27
Company Secretary Resignation	Took note of resignation of Company Secretary & Compliance Officer
GST Department Survey	Reviewed preliminary survey conducted by GST Department; management authorised to take necessary actions
Related Party Transactions	Reviewed Related Party Transactions of the Company
Directors' Declarations	Noted disclosure/declaration of interests received from Directors under the Companies Act, 2013

Background and Regulatory Context

The Board Meeting had originally been scheduled for May 9, 2026, but could not be concluded due to unforeseen network connectivity issues faced by Mr. Kundankumar Mishra, Independent Director and Chairman of the Audit Committee. Following confirmation of availability of all concerned parties, the meetings were rescheduled to May 14, 2026. Prior to the Board Meeting, the Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee also convened on the same date.

The outcome intimation was submitted to the National Stock Exchange of India Limited in compliance with the applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Munish Chawla, Managing Director (DIN-06454015), on May 14, 2026.

Historical Stock Returns for Innovative Tyre & Tube Lt

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.94%	-5.78%	-15.63%	-33.19%	+21.49%	+301.54%

How might the GST Department survey impact Innovative Tyres & Tubes Limited's financial statements and tax liabilities for FY 2026-27?

Who will be appointed as the new Company Secretary & Compliance Officer, and how could the interim compliance gap affect the company's regulatory obligations?

Could the related party transactions under review attract further regulatory scrutiny from SEBI, and what potential implications might this have for minority shareholders?