Kriti Industries (India) Limited has appointed Pradeep Shastri Vedula as its Chief Executive Officer, effective August 11, 2026. The Board of Directors approved the appointment during a meeting held on the same day, designating him as Senior Management and Key Managerial Personnel (KMP). This leadership change introduces an executive with extensive experience in sales, marketing, and supply chain management to steer the company’s strategic operations.

The Board meeting commenced at 10:30 AM IST and concluded at 2:05 PM IST. In compliance with Regulation 30(2)/(4) read with Clause 7 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI (Prohibition of Insider Trading) Regulations, 2015, the company filed the disclosure with both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The filing confirms that Mr. Vedula is not debarred from holding office by any SEBI order or other authority.

Mr. Vedula brings over 20 years of experience across Sales & Marketing, Supply Chain, Procurement, Strategy, and Operations. Prior to joining Kriti Industries, he served as President – Sales & Marketing and President – Supply Chain at Finolex Industries. His earlier career includes leadership and consulting roles at Sudarshan Chemical Industries, Accenture Strategy, and Asian Paints. He holds a Post Graduate Diploma in Management (PGDM) from IIM Bangalore and a Bachelor's degree in Engineering from Delhi College of Engineering.

Appointment Details

The company stated it will update the Management Details Tab on the BSE Listing Portal and disseminate the change on its website in due course. Investors are advised to note the updated corporate information on the exchange websites for ease of reference. The appointment aims to leverage Mr. Vedula’s expertise in driving business growth, building distribution networks, and improving operational performance.

Kriti Industries (India) Limited has scheduled its 36th Annual General Meeting (AGM) for Wednesday, August 12, 2026, at 3:00 P.M. IST. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM). Shareholders will vote on the re-appointment of Shiv Singh Mehta as Chairman and Managing Director and the ratification of the Cost Auditor's remuneration. The company reported a return to profitability in the financial year 2025-26, with a standalone profit after tax of ₹106.68 lakh compared to a loss of ₹449.54 lakh in the previous year.

E-Voting and Scrutinizer Details

Remote e-voting will commence on August 9, 2026, at 9:00 A.M. and conclude on August 11, 2026, at 5:00 P.M. The cut-off date for determining e-voting entitlement is August 5, 2026. Central Depository Services (India) Limited (CDSL) has been appointed as the agency providing the e-voting platform. CS Ishan Jain has been appointed as the Scrutinizer to oversee the e-voting process.

Re-appointment of Chairman and Managing Director

The board has proposed the re-appointment of Shiv Singh Mehta as Chairman and Managing Director for a term of three years, effective from October 1, 2026, to September 30, 2029. Mr. Mehta, who is above the age of 70, holds 20,67,299 equity shares, representing 3.92% of the total paid-up capital. The resolution requires shareholder approval via special resolution. The proposed remuneration includes a salary of up to ₹6.50 lakh per month, perquisites and allowances of up to ₹0.65 lakh per month, and a commission of up to 4% of net profits.

Financial Performance

The company reported a return to profitability in the financial year 2025-26. The standalone profit after tax for the year was ₹106.68 lakh, compared to a loss of ₹449.54 lakh in the previous year. Total turnover or income stood at ₹58,736.73 lakh for 2025-26, down from ₹72,190.67 lakh in 2024-25. The board attributed the previous year's loss to a decrease in institutional sales and a downward trend in PVC prices.

Cost Auditor Ratification

Shareholders will consider an ordinary resolution to ratify the remuneration of the Cost Auditor for the financial year 2026-27. M/s Dhananjay V. Joshi & Associates, Cost Accountants, has been appointed to conduct the cost audit. The remuneration to be ratified is ₹35,000 plus applicable taxes and reimbursement of out-of-pocket expenses at actual.