Kallam textiles Limited has announced significant changes in its board committee structure, with the reconstitution of both the Audit Committee and Nomination and Remuneration Committee. The board approved these changes during its meeting held on March 21, 2026, in compliance with regulatory requirements.

Board Meeting Details

The company has provided additional details regarding the board meeting that approved the committee changes. The meeting commenced at 02:30 PM and concluded at 03:15 PM on March 21, 2026, demonstrating efficient governance processes.

Committee Leadership Changes

The reconstitution involves strategic repositioning of key board members across both committees. The changes reflect the company's commitment to maintaining robust corporate governance standards while ensuring effective oversight of critical business functions.

Audit Committee Composition

The newly reconstituted Audit Committee features a fresh leadership structure:

Nomination and Remuneration Committee Structure

The Nomination and Remuneration Committee has been reorganized with the following composition:

Regulatory Compliance and Documentation

The committee reconstitution aligns with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. This regulatory framework mandates timely disclosure of material events and changes in board composition to ensure transparency for stakeholders and market participants.

The company has formally communicated these changes to the Bombay Stock Exchange Limited through additional detailed documentation dated March 23, 2026. Company Secretary & Compliance Officer Golagani Ramesh Kumar signed the official intimation, confirming the implementation of these governance changes with proper digital authentication.

Corporate Governance Enhancement

The restructuring demonstrates Kallam Textiles' ongoing commitment to strengthening its corporate governance framework. Both committees play crucial roles in the company's oversight mechanisms, with the Audit Committee focusing on financial reporting and internal controls, while the Nomination and Remuneration Committee handles board appointments and compensation matters.

Kallam Textiles Limited has announced the appointment of Mr. Venkat Rao Nallagorla as Non-Executive Independent Director, effective from March 21, 2026. The appointment was made during a Board meeting held on March 21, 2026, and is subject to approval at the next general meeting.

Regulatory Disclosure Details

The company has disclosed the appointment under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The formal intimation was sent to the Bombay Stock Exchange Limited on March 21, 2026, with reference number KTL/Appointment/2025-26.

Professional Background and Expertise

Mr. Venkat Rao Nallagorla, aged 62 years, holds an M.Com degree and serves as an Accounts and Tax consultant. He entered the profession at a young age and has demonstrated excellence through knowledge, patience, hard work, and commitment.

His expertise spans multiple areas of taxation and financial management:

• Income Tax matters
• GST compliance
• EST, EPF, and TDS handling
• Gratuity management
• Import and export regulations
• Financial assessments and audits

Experience and Independence

With over 35 years of experience in conducting financial assessments and audits, Mr. Nallagorla brings significant expertise to Kallam Textiles Limited's board. His professional background positions him to play a crucial role in maintaining the company's financial stability and ensuring compliance with relevant regulations.

The company has confirmed that Mr. Venkat Rao Nallagorla is not related to any existing directors of the company, ensuring his independence as per regulatory requirements. This appointment strengthens the company's independent board composition and corporate governance framework.

Compliance and Next Steps

The appointment has been made in accordance with SEBI regulations and will be presented for shareholder approval at the upcoming general meeting. The formal communication was signed by Golagani Ramesh Kumar, Company Secretary & Compliance Officer, demonstrating Kallam Textiles Limited's commitment to maintaining proper corporate governance standards and regulatory compliance.