KSH International Limited has announced a key management change with the resignation of its Company Secretary and Compliance Officer. The company informed stock exchanges about this corporate development through a regulatory filing on March 31, 2026.

Board Accepts Resignation

The Board of Directors accepted the resignation of Mr. Sarthak Arun Malvadkar from his position as Company Secretary and Compliance Officer at their meeting held on March 31, 2026. The decision was made based on the recommendation of the Nomination and Remuneration Committee.

Reason for Change

The resignation stems from changes in the structure of the secretarial and legal function of the company. This represents a strategic reorganization rather than a complete departure, as Mr. Malvadkar will continue his association with KSH International Limited in a different capacity.

Continuity Maintained

Despite stepping down from his current role, Mr. Malvadkar will remain an employee of the company and take up a new position within the Secretarial & Legal function. This arrangement ensures operational continuity and retention of institutional knowledge during the transition period.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure requirements and provided the necessary documentation, including the resignation letter and detailed annexure as mandated by regulatory guidelines.

Stock Exchange Communication

KSH International Limited has formally notified both BSE Limited (Scrip Code: 544664) and National Stock Exchange of India Limited (Symbol: KSHINTL) about this management change. The disclosure has also been made available on the company's official website for investor access and transparency.

KSH International Limited has announced a significant leadership appointment with the naming of Mr. Hukumchand Chandratan Lakhotiya as its new Chief Executive Officer. The appointment was approved by the Board of Directors during their meeting held on March 31, 2026, following a recommendation from the Nomination and Remuneration Committee.

Appointment Details

The new CEO appointment becomes effective from April 02, 2026. Additionally, Mr. Lakhotiya has been designated as Key Managerial Personnel under Section 203 of the Companies Act, 2013, and Regulation 30(5) of the SEBI Listing Regulations.

Company Profile

KSH International Limited is one of India's leading manufacturers and largest exporter of magnet winding wires. Founded in 1981, the company provides ultra-precision special and standard magnet winding wires to OEMs across power, renewables, railways, motors for EVs and ICE, motors for industrial, home appliances, compressors for air conditioning and refrigeration.

Professional Background

Mr. Lakhotiya brings over thirty years of domestic and international experience in the electrical and power sectors to his new role. His extensive career includes more than twenty-five years at prominent organizations such as CG Power & Industrial Systems Ltd. and Schneider Electric Pte Ltd. in Singapore.

During his tenure at CG Power, he demonstrated strong leadership capabilities by managing the transformer, switchgear and EPC business across Asia. His responsibilities encompassed overseeing several regional Asian plants as well as the company's exports business. Prior to joining KSH International, Mr. Lakhotiya served as COO Waste to Energy at SAEL Industries Ltd.

Educational Qualifications and Leadership Expertise

Mr. Lakhotiya holds impressive academic credentials including MTech in Industrial Management from Indian Institute of Technology (IIT) Bombay and a Bachelor's degree in Electrical Engineering from Government College of Engineering, Amravati, India (Gold Medallist). Throughout his career, he has held leadership roles across multiple business functions including P&L management, multi-plant operations, sales and business development, green energy initiatives, digitalization projects, and project management.

Management Statement

KSH International Managing Director, Mr. Rajesh Hegde said, "We extend Hukumchand (i.e. Hemant) a warm welcome to KSH. His experience in the transformer and electrical industries, both locally and globally, as well as leading large multinational businesses will be invaluable as we establish the company as a leading provider of specialized magnet winding wires in India and abroad."

The company has confirmed that Mr. Hukumchand Chandratan Lakhotiya is not related to any Director of the Company, ensuring independence in his appointment. The disclosure has been made in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.