Kothari Industrial reconstitutes board committees after director resignation
Kothari Industrial Corporation Limited reconstituted its board committees following the resignation of Non-Executive Independent Director Mr. Ravi Kumar Perumal effective May 30, 2026, due to proposed relocation abroad. Mrs. Priya Rao was appointed to fill the vacancies across the Audit, Nomination and Remuneration, Stakeholders Relationship, and Risk Management Committees.
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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
| Name of Director | Category | Status |
|---|---|---|
| Mr. Gnanasambandam Venkatraghavan | Non-Executive Independent Director | Chairman |
| Mrs. T.A. Rajalaxmi | Non-Executive Non Independent Director | Member |
| Mrs. Priya Rao | Non-Executive Independent Director | Member |
Nomination and Remuneration Committee
| Name of Director | Category | Status |
|---|---|---|
| Mr. Gnanasambandam Venkatraghavan | Non-Executive Independent Director | Chairman |
| Mrs. T.A. Rajalaxmi | Non-Executive Non Independent Director | Member |
| Mrs. Priya Rao | Non-Executive Independent Director | Member |
Stakeholders Relationship Committee
| Name of Director | Category | Status |
|---|---|---|
| Mrs. Priya Rao | Non-Executive Independent Director | Chairman |
| Mrs. T.A. Rajalaxmi | Non-Executive Non Independent Director | Member |
| Mr. Gnanasambandam Venkatraghavan | Non-Executive Independent Director | Member |
Risk Management Committee
| Name of Director | Category | Status |
|---|---|---|
| Mr. Rafiq Ahmed | Executive Chairman and Managing Director | Chairman |
| Mrs. T.A. Rajalaxmi | Non-Executive Non Independent Director | Member |
| Mrs. Priya Rao | Non-Executive Independent Director | Member |
| Mr. V. Anand | CFO | Member |
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.
Historical Stock Returns for Kothari Industrial Corporation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.59% | -5.57% | -17.01% | -12.41% | -12.41% | -12.41% |
How will Mrs. Priya Rao's leadership as Chairman of the Stakeholders Relationship Committee influence the company's investor communication strategy?
What impact will the frequent turnover in independent director roles have on the continuity of the board's strategic oversight?
Will the company seek to appoint a new independent director to restore the previous board size, or operate with the current composition?
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