K G Denim Limited has reshuffled its top leadership, with founder K G Baalakrishnan stepping down from executive duties to serve as Non-Executive Chairman. The Board of Directors approved the changes during a meeting held on August 4, 2026, alongside the re-appointment of key executives B Sriramulu and R Selvakumar. These moves signal a transition in operational control while retaining strategic oversight from the group’s patriarch.

The Board approved the re-appointment of B Sriramulu as Managing Director and R Selvakumar as Whole-time Director for a further period of three years. Both appointments were recommended by the Nomination and Remuneration Committee and approved by the Audit Committee. The terms are subject to the approval of members at the ensuing Annual General Meeting.

K G Baalakrishnan’s transition marks a shift from day-to-day management to a supervisory role. He expressed his desire to step down from executive responsibilities while continuing to serve as Non-Executive Chairman. His office shall be liable to retire by rotation. Sriramulu is the son of Baalakrishnan, ensuring continuity in family leadership.

Leadership Changes

| Director | Action | Effective Date | Term Details | | :--- | ---: | :--- | | K G Baalakrishnan | Redesignated to Non-Executive Chairman | August 4, 2026 | Liable to retire by rotation | | B Sriramulu | Re-appointed as Managing Director | November 3, 2026 | Three years; subject to AGM approval | | R Selvakumar | Re-appointed as Whole-time Director | August 7, 2026 | Three years; subject to AGM approval |

B Sriramulu brings over 26 years of managerial, technical, and administrative experience in the textile industry. He holds a Master of Science in Textile Technology from the University of Manchester, UK. R Selvakumar, who has served as an Executive, Non-Independent Director since 2023, possesses extensive knowledge in sourcing raw materials, chemicals, and human resources administration.

The company confirmed that none of the directors are debarred from holding office by SEBI or any other statutory authority. The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Rule 15 & 16 of the Companies (Appointment and Qualification of Directors) Rules, 2014. The filing was signed by M Balaji, Chief Financial Officer and Company Secretary & Compliance Officer.

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.