Kama Holdings Limited, a diversified company with interests in technical textiles, chemicals, and performance films, has announced its unaudited financial results for the second quarter and first half of the fiscal year 2026, along with the confirmation of shareholder approval for a significant board appointment.

Shareholder Approval Confirmed

The company has officially confirmed that its members have approved the appointment of Mr. Sanjay Kapoor as Independent Director through a postal ballot process that concluded on December 16, 2025. The appointment, which was initially announced on November 13, 2025, has now received the required shareholder approval within the stipulated timeframe.

Appointment Details:

Director Profile and Experience

Mr. Sanjay Kapoor, aged 58 years, brings extensive experience from the luxury fashion and retail industry to KAMA Holdings' board. His educational credentials include a B.Com degree from Shri Ram College of Commerce and an MBA from the University of Rochester, New York, USA.

Professional Background:

Mr. Kapoor has been instrumental in introducing several luxury brands to the Indian market, including Giorgio Armani, Emporio Armani, Armani Exchange, Paul Smith, Bottega Veneta, Jimmy Choo, Tumi, Coach, and Michael Kors. He is also a member of the Young Presidents Organization (YPO) and has received multiple awards for his innovative contributions to fashion retailing.

Financial Performance Update

The company's Board of Directors had earlier approved both standalone and consolidated financial results for the quarter and half-year ended September 30, 2025, at a meeting held on November 13, 2025. The consolidated results include revenue from operations of subsidiaries such as SRF Limited and its various international entities, reflecting performance across the company's primary business segments: Technical Textiles, Chemicals, and Performance Films & Foil.

Corporate Governance Compliance

The appointment demonstrates KAMA Holdings' adherence to regulatory requirements under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that Mr. Kapoor meets the independence criteria as per the Companies Act, 2013, and SEBI regulations. He is not debarred from holding directorial positions and maintains no relationships with existing company directors.

The successful completion of the postal ballot process and shareholder approval reinforces the company's commitment to proper corporate governance practices and regulatory compliance.

Kama Holdings Limited has announced the resignation of Jagdeep Singh Rikhy from his position as Independent Director, effective October 31, 2025. The company disclosed this information in a filing to the BSE Limited, in compliance with SEBI regulations.

Key Details of the Resignation

• Member of the Risk Management Committee
• Member of the Stakeholders Relationship Committee |

Implications and Company Response

Mr. Rikhy's departure marks a significant change in Kama Holdings' board composition. In his resignation letter, he cited other professional commitments as the primary reason for his decision to step down. The company has confirmed that there are no other material reasons for his resignation beyond those mentioned.

Kama Holdings, in accordance with regulatory requirements, has promptly disclosed this development to the stock exchange. The company's Whole Time Director, CFO & Company Secretary, Ekta Maheshwari, signed the intimation letter to the BSE.

Corporate Governance Perspective

This resignation highlights the importance of board dynamics and the challenges companies face in maintaining a balance between directors' external commitments and their responsibilities to the organization. It also underscores the need for companies to have succession plans in place for key board positions to ensure smooth transitions and continued effective governance.

Kama Holdings will now need to address the vacancies left by Mr. Rikhy, particularly in crucial roles such as the Chairman of the Audit Committee. The company has not yet announced any plans for his replacement, but stakeholders will likely be watching closely for updates on this matter.

As the markets digest this news, investors and analysts may be keen to understand the potential impact on Kama Holdings' corporate governance structure and any subsequent appointments to the board.