Kings Infra Ventures Limited held its 38th Annual General Meeting on September 28, 2026, passing all six resolutions with requisite majority, including director appointments and a revision in CMD remuneration effective August 1, 2026.

The meeting was conducted via video conference and marked the first annual gathering following the passing of founder Chairman Shaji Baby John in December 2025. Chairman Baby John Shaji highlighted the company's resilience during this leadership transition and amidst international market challenges. The scrutinizer's report, prepared by CA Jomy Saimon FCA of Jomy Saimon and Associates, Chartered Accountants, was submitted on September 29, 2026, confirming the voting results pursuant to Regulation 44 and 30 of SEBI (LODR) Regulations, 2015.

Key resolutions and voting results

Shareholders approved all six resolutions via remote e-voting (open from September 25 to September 27, 2026) and e-voting at the AGM. The combined voting results are presented below.

The remuneration revision for Baby John Shaji received the lowest approval margin among all resolutions, with 2,57,460 votes (2.88%) cast against it. All other resolutions received opposition of 0.64% or less.

Strategic focus on core strengths

The Board announced a strategic pivot to concentrate capital on aquaculture, seafood processing, and exports. Domestic retail initiatives have been placed in abeyance to prioritize prudent capital deployment. For FY27, the company's priorities are centred on five themes: synergise, consolidate, digitise, monetise, and optimise.

Baby John Shaji also disclosed plans for a pilot project at the Kings Maritech Eco Park, with further details to be announced. The company intends to leverage established European markets as India's trade arrangements with the region develop.

Leadership transition and tribute

The AGM began with a moment of silence honouring Shaji Baby John, described as a visionary leader instrumental in India's Blue Revolution. Baby John Shaji reaffirmed his commitment to carrying forward his father's legacy of sustainable aquaculture and technology-driven growth. The meeting was attended by 47 members, with statutory registers maintained electronically. Total folios voted in remote e-voting stood at 45.

Kings Infra Ventures Limited has appointed Akhil Haridas as its Chief Financial Officer, effective September 25, 2026. The appointment follows the acceptance of the resignation of the previous CFO, Lalbert Cherian, during a board meeting held on the same day.

The board meeting commenced at 11:30 am and concluded at 12:06 pm via video conferencing. In addition to approving the leadership change, the directors took note of the minutes from the previous board meeting held on August 13, 2026. No other business items were transacted during the session.

Profile of new CFO

Akhil Haridas is a qualified Cost and Management Accountant (CMA) with over a decade of experience in finance and accounting. His expertise spans financial planning, budgeting, treasury, working-capital management, statutory compliance, and cost control. He holds a Masters in Commerce from Mahatma Gandhi University.

Haridas has held progressively responsible finance positions across supply-chain, healthcare, manufacturing, and professional consulting environments. His core competencies include fund-flow management, cash-flow optimization, and strengthening internal financial controls. He is proficient in enterprise software including Microsoft Business Central 365, SAP, Odoo, Tally Prime, Power BI, and Excel.

Appointment details

The appointment was formalized under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed the following key details regarding the new appointment:

Nanditha T, Company Secretary and Compliance Officer, signed the digital notice informing BSE Limited about the outcome of the meeting. The filing confirms that the resignation of Lalbert Cherian was approved with immediate effect, relieving him from the office of CFO as of September 25, 2026.