Kothari Industrial Corporation Limited has appointed M/s Value Chakra Advisory Private Limited as its internal auditor for the financial year 2026-27 to ensure compliance with statutory regulations. The appointment, effective from May 30, 2026, was approved by the Board of Directors during their meeting held on March 30, 2026, following the recommendation of the Audit Committee.

The decision aligns with the requirements of the Companies Act, 2013 and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed these details in a filing submitted to BSE Limited on May 30, 2026.

M/s Value Chakra Advisory Private Limited is a professional services firm offering integrated management consulting, risk advisory, tax advisory, and financial advisory services. The firm operates as a long-term partner to clients, assisting them in streamlining business processes, managing risks, complying with laws, and making strategic decisions.

Key Details of Appointment

The filing confirmed that there are no disclosed relationships between the directors of Kothari Industrial Corporation Limited and the newly appointed internal auditor. The disclosures were made in accordance with the Master Circular issued by SEBI on November 11, 2024.

Kothari Industrial Corporation Limited has reconstituted its board committees following the resignation of Non-Executive Independent Director Mr. Ravi Kumar Perumal effective May 30, 2026. The resignation, tendered due to proposed relocation abroad, resulted in the cessation of Mr. Perumal's membership across the Audit, Nomination and Remuneration, Stakeholders Relationship, and Risk Management Committees. To fill the vacancies, the board appointed Mrs. Priya Rao as a member of the Audit, Nomination and Remuneration, and Risk Management Committees, and as the Chairman of the Stakeholders Relationship Committee.

Mr. Ravi Kumar Perumal confirmed that there are no material reasons for his resignation other than those stated in his letter. He was appointed to the board in October 2025. The board acknowledged his contributions, noting that the company benefitted from his experience and independent judgment during his tenure.

Committee Compositions

The reconstitution ensures compliance with applicable regulatory requirements. Mrs. Priya Rao replaces Mr. Perumal in the following committees:

Audit Committee

Nomination and Remuneration Committee

Stakeholders Relationship Committee

Risk Management Committee

The disclosures were submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Anil Kumar Padhiali, Company Secretary and Compliance Officer.