K G Denim Limited will convene its Board of Directors on Tuesday, August 4, 2026, to deliberate on the re-appointment of three senior executives. The meeting aims to secure continuity in leadership by extending the tenures of the Executive Chairman, Managing Director, and Whole-time Director for additional three-year terms. This procedural step ensures stability in the company’s governance structure as existing mandates approach their expiration dates.

The Board has scheduled the meeting in compliance with Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Notice of the proceedings was also posted on the company’s website in accordance with Regulation 46 of the same regulatory framework.

Key Re-Appointments

The primary agenda item involves the re-appointment of the following executives:

KG Baalakrishnan (DIN: 00002174) and B Sriramulu (DIN: 00002560) are set to begin their new terms simultaneously on November 3, 2026. In contrast, R Selvakumar (DIN: 00051608) will commence his renewed tenure earlier, on August 7, 2026.

Governance Continuity

The staggered start dates reflect the individual expiry timelines of each executive’s current mandate. By approving these re-appointments, the Board seeks to maintain operational consistency without leadership gaps. The resolutions require shareholder approval at the subsequent general meeting, as is standard practice for such appointments under Indian corporate law.

K G Denim Limited shareholders have approved the sale of a substantial undertaking, comprising non-factory vacant land in Coimbatore, through a postal ballot process. The special resolution received 99.93% assent, with public shareholders also voting in favour of the proposal. The undertaking spans 19.35 acres at Karamadai, Tamil Nadu.

The resolution sought approval to sell or otherwise dispose of the land pursuant to Section 180(1)(a) of the Companies Act, 2013. The postal ballot notice was sent to members on 9th June 2026, with the remote e-voting period open from 10th June 2026 to 9th July 2026. The scrutinizer's report confirmed the resolution was passed with the requisite majority.

Voting Results

A total of 75 members cast 1,43,79,203 valid votes. The resolution required approval from public shareholders, where votes in favour exceeded those against.

Public Shareholder Voting

The proposal also satisfied the regulatory requirement for public shareholder approval under SEBI regulations.

M D Selvaraj, FCS, Managing Partner of MDS & Associates LLP, served as the scrutinizer for the postal ballot. The Board of Directors had appointed him on 29th May 2026 to ensure a fair and transparent voting process. The results were declared on 9th July 2026.