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 a significant change to its board of directors.

Financial Performance

The company's Board of Directors 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 the company's performance across its primary business segments: Technical Textiles, Chemicals, and Performance Films & Foil.

Specific financial figures were not disclosed in the announcement.

New Independent Director Appointment

KAMA Holdings has appointed Mr. Sanjay Kapoor as an additional Independent Director. The appointment, effective November 13, 2025, is for a term of five years, subject to shareholder approval within the next three months.

Key Details of the Appointment:

Mr. Kapoor brings experience in the luxury fashion sector to the board. His appointment aligns with KAMA Holdings' commitment to maintaining a diverse and experienced board to guide the company's strategic decisions.

Corporate Governance

The company has confirmed that Mr. Kapoor meets the 'Independence' criteria as per the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. He is not debarred from holding the office of a Director by any regulatory authority and is not related to any existing Directors of the company.

This appointment and the reporting of financial results demonstrate KAMA Holdings' adherence to regulatory requirements. The company's approach to corporate governance may be viewed positively by stakeholders and the market.

The addition of Mr. Kapoor to the board could bring perspectives in areas of brand management and luxury markets, which may complement the company's existing strengths in technical and industrial sectors.

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.