Kisan Mouldings Limited appointed Arun Agarwal as Managing Director for a period of three years effective June 01, 2026, following shareholder approval at the 37th Annual General Meeting held on July 17, 2026. The resolution to change his designation from Non-Executive Non-Independent Director to Managing Director received 100% assent from the votes polled. Agarwal, who was elected Chairman of the meeting, transitions to lead the company's operations and strategy.

The meeting, conducted via Video Conferencing, approved eight resolutions with a total of 84,168,906 votes polled. Key outcomes included the adoption of audited financial statements for FY26, the re-appointment of Ajay Kumar Jain as Director, and the appointment of M/s. AKGVG & Associates as Statutory Auditors. Shareholders also ratified the remuneration for Cost Auditors for FY27 and approved material related party transactions with holding company Apollo Pipes Limited.

Appointment Details

Arun Agarwal is a Chartered Accountant with over 25 years of experience. He serves on the Board of Apollo Pipes Limited as Joint Managing Director. The disclosure confirmed he is not related to any Directors or Key Managerial Personnel of the company and is not debarred from holding the office of Director by any SEBI order. The company submitted the necessary disclosures to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Kisan Mouldings Limited shareholders have appointed M/s. AKGVG & Associates, Chartered Accountants, as the statutory auditors for a term of five years. The appointment is effective from the conclusion of the 37th Annual General Meeting held on July 17, 2026, until the conclusion of the 42nd AGM to be held in 2031. This decision was taken pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Profile and Scope

M/s. AKGVG & Associates (Firm Registration No. 018598N) is a firm providing assurance, taxation, advisory, and accounting support services. The firm employs over 250 professionals specializing in audit, taxation, transaction advisory, and outsourcing. It operates through nine offices across more than three countries, including member firms and channel partners.

Key Resolutions and Voting Outcomes

All resolutions presented during the AGM were passed with the requisite majority. The total number of votes polled stood at 84,168,932, representing 70.46% of the total outstanding shares. In addition to the statutory auditor appointment, members ratified the remuneration payable to cost auditors for the financial year 2026-27.

Summary of Resolutions