Cochin Minerals & Rutile Limited has informed BSE that its Board was unable to complete the appointment of a new Nominee Director from Kerala State Industrial Development Corporation (KSIDC) due to the nominee's inability to provide statutory consent.

Board Meeting Developments

In its meeting held on February 5, 2026, the company's Board considered the nomination of Shri Rajesh Jacob, Deputy General Manager & CCO (DIN: 06443594), as the new Nominee Director of KSIDC. This appointment was intended to replace Shri Hari Krishnan R, IRTS, Executive Director (DIN: 10762540), following the company's earlier communication dated December 2, 2025.

Appointment Challenges

The proposed appointment faced a significant obstacle when Mr. Rajesh Jacob informed the company about certain constraints that prevented him from acting as a Director. More critically, he did not furnish his consent, which constitutes a statutory requirement for directorship appointments.

Communication with KSIDC

Following Mr. Rajesh Jacob's inability to provide consent, Cochin Minerals and Rutile Limited promptly informed KSIDC about this development. However, the company has not received any further information or alternative nomination from the state corporation, leaving the Board unable to proceed with filling the Nominee Director position.

Regulatory Compliance

The company has duly informed BSE about this development through its Company Secretary & Compliance Officer, Sreedhepa S, ensuring transparency and regulatory compliance. This communication follows the company's established practice of keeping stakeholders informed about significant board-related developments.

The inability to complete this directorship appointment highlights the importance of obtaining proper statutory consents and the challenges companies may face in board reconstitution processes involving nominee directors from government entities.

Cochin minerals & rutile has received a regulatory disclosure from Counter Cyclical Investments Private Limited regarding a substantial acquisition of shares. The portfolio manager has increased its shareholding in the Kerala-based minerals company through an open market purchase.

Share Acquisition Details

Counter Cyclical Investments Private Limited, acting as a portfolio manager through its clients, acquired 9,019 shares of Cochin Minerals and Rutile Ltd on February 2, 2026. The acquisition was executed through open market transactions and represents a 0.12% increase in shareholding.

Regulatory Compliance

The disclosure was made under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Counter Cyclical Investments Private Limited filed the mandatory disclosure on February 3, 2026, one day after the acquisition.

Company Information

Counter Cyclical Investments Private Limited is registered in Nagpur, Maharashtra, with CIN U65999PN2018PTC175591. The company operates as a portfolio manager and made this acquisition through its client portfolios. The disclosure was signed by Director Parminder Pal Singh Bhatia (DIN: 07159378).

Cochin Minerals and Rutile Ltd is listed on BSE Limited and has a total equity share capital of 7,830,000 shares. The company's registered office is located in Alwaye, Ernakulam, Kerala. The acquisition does not involve any encumbrances, warrants, or convertible securities, representing a straightforward equity share purchase in the open market.