Kaiser Corporation Bolsters Board with Two New Independent Directors

Kaiser Corporation Ltd (BSE: 531780) has announced the appointment of two new Additional Non-Executive Independent Directors, strengthening its leadership team with diverse expertise in accounts, software, and administration.

Board Expansion

The company's Board of Directors has approved the appointment of Mr. Gitesh Nimkar (DIN: 02342111) and Mrs. Hufrish Variava (DIN: 11219649) as Additional Non-Executive Independent Directors, effective July 30, 2025. These appointments are subject to shareholder approval at the upcoming General Meeting.

New Directors' Profiles

Mr. Gitesh Nimkar

Commerce graduate based in Mumbai
Extensive experience in accounts and software
Appointed as an Additional Non-Executive Independent Director

Mrs. Hufrish Variava

Commerce graduate based in Mumbai
Expertise in accounts and administration
Appointed as an Additional Non-Executive Independent Director

Independence and Compliance

Both Mr. Nimkar and Mrs. Variava are not related to any existing directors, key managerial personnel, or promoters and promoter groups of Kaiser Corporation. The company has confirmed that neither director is debarred from holding directorial positions by any SEBI order or other regulatory authority.

Financial Performance

In addition to the board appointments, Kaiser Corporation has released its unaudited financial results for the quarter ended June 30, 2025:

Particulars (in Lakhs)	Q1 FY2025-26 (Unaudited)	Q1 FY2024-25 (Unaudited)	% Change
Revenue from Operations	308.97	602.79	-48.70
Total Income	467.70	653.47	-28.40
Total Expenses	510.99	630.92	-19.00
Profit/(Loss) before Tax	(43.29)	22.55	-292.00
Profit/(Loss) after Tax	(50.13)	11.22	-546.60

The company's financial performance shows a significant decline in revenue and profitability compared to the same quarter in the previous year. The revenue from operations decreased by 48.70%, while the company reported a loss of Rs. 50.13 lakhs for the quarter, compared to a profit of Rs. 11.22 lakhs in the corresponding quarter of the previous year.

Segment Performance

Kaiser Corporation operates in three segments:

Printing
Consultancy
Infrastructure projects

The infrastructure projects segment remains the largest contributor to the company's revenue, although it has seen a substantial decrease compared to the previous year.

Outlook

While the company faces challenges in its financial performance, the addition of two experienced independent directors could bring fresh perspectives to navigate the current business environment. Shareholders will be watching closely to see how these new appointments might influence the company's strategy and performance in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.11%	-0.43%	-10.25%	-32.46%	-40.51%	+268.25%

Kaiser Corporation Limited , a diversified company operating in printing, consultancy, and infrastructure projects, has reported mixed financial results for the first quarter ended June 30. The company also announced changes in its board composition and promoter shareholding.

Standalone Performance

On a standalone basis, Kaiser Corporation posted a profit after tax of Rs 1.33 lakh for Q1, compared to Rs 1.82 lakh in the same quarter last year. The company's revenue from operations increased to Rs 18.90 lakh from Rs 15.51 lakh year-over-year.

Consolidated Results

However, the consolidated results painted a different picture. The company reported a consolidated loss after tax of Rs 50.13 lakh, in contrast to a profit of Rs 11.22 lakh in the previous year's quarter. Consolidated revenue declined significantly to Rs 308.97 lakh from Rs 602.79 lakh in the corresponding period.

Particulars (Consolidated)	Q1 (Rs in Lakh)	Q1 Previous Year (Rs in Lakh)
Revenue from Operations	308.97	602.79
Total Income	467.70	653.47
Total Expenses	510.99	630.92
Profit/(Loss) Before Tax	(43.29)	22.55
Profit/(Loss) After Tax	(50.13)	11.22

Segment Performance

The company operates in three segments: printing, consultancy, and infrastructure projects. The infrastructure projects segment contributed the majority of the revenue but also faced challenges during the quarter.

Segment	Revenue Q1 (Rs in Lakh)
Printing	7.90
Consultancy	11.00
Infrastructure Projects	291.67

Board Changes and Shareholding

Kaiser Corporation announced the appointment of two new independent directors, Mr. Gitesh Nimkar and Mrs. Hufrish Variava, subject to shareholder approval. These appointments are expected to bring fresh perspectives to the company's board.

Additionally, there was a reduction in promoter shareholding by 4.39% during the quarter. The company stated that this change was in line with regulatory compliance requirements and personal financial planning by promoter entities. It assured that the reduction does not impact the management structure or control of the company.

Other Developments

The board meeting also addressed several other matters:

The decision on the schedule for the 32nd Annual General Meeting was deferred.
Mr. Bhushanlal Arora, a director of the company, will retire by rotation and be eligible for re-appointment.
The company is considering alterations to its Memorandum of Association and Articles of Association, with plans to diversify operations into various other fields, subject to shareholder approval.

Outlook

While the standalone results show some resilience, the consolidated performance indicates challenges, particularly in the infrastructure projects segment. The company's efforts to strengthen its board and potential diversification plans suggest it is actively working on strategies to improve its overall performance in the coming quarters.

Investors and stakeholders will be watching closely to see how these changes and strategies impact Kaiser Corporation's performance in the future quarters.