Kanchi Karpooram Limited , a prominent player in the Indian chemical industry, recently held its 32nd Annual General Meeting (AGM) on September 20, 2025, through video conference. The meeting resulted in several significant corporate governance decisions, including the re-appointment of three key directors and the appointment of a new Secretarial Auditor.

Director Re-appointments

Shareholders at the AGM approved the re-appointment of three directors, each for a five-year term:

1. Mr. Dipesh Suresh Jain was re-appointed as Joint Managing Director for the period from September 25, 2025, to September 24, 2030. Mr. Jain is the son of the company's Managing Director, Mr. Suresh Veerchandji Shah.

2. Mr. Arun Shah Veerchand was re-appointed as Whole-Time Director for the same five-year period. Mr. Veerchand is the brother of the Managing Director.

3. Mr. Rajagopalan Kannan was re-appointed as an Independent Director for a second term of five years, from August 24, 2025, to August 23, 2030. It's worth noting that Mr. Kannan has no family relationships with other directors, maintaining the board's independence.

New Secretarial Auditor

In addition to the director re-appointments, the shareholders approved the appointment of Mr. Lovelish Lodha as the company's Secretarial Auditor. Mr. Lodha, a Practicing Company Secretary (M. No: 35677, COP No: 13951), will serve for a period of five years, from the financial year 2025-26 up to 2029-30.

Mr. Lodha brings extensive experience to the role, having run his own proprietorship firm of Company Secretaries since 2014. His firm has a strong track record in providing secretarial audit services, consultancy to NBFCs on RBI matters, financial restructuring, and various other corporate advisory services.

Implications for Corporate Governance

These appointments reflect Kanchi Karpooram Limited's commitment to maintaining strong corporate governance practices. The re-appointment of experienced directors, including an independent director, suggests a focus on continuity and stability in the company's leadership.

The appointment of Mr. Lodha as Secretarial Auditor further underscores the company's dedication to compliance and transparency in its operations. His expertise in areas such as secretarial audits, financial restructuring, and corporate advisory services is likely to contribute significantly to the company's governance framework.

As Kanchi Karpooram Limited moves forward with these newly confirmed appointments, stakeholders will be watching closely to see how these decisions impact the company's performance and corporate governance practices in the coming years.

Kanchi Karpooram Limited, a prominent player in the Indian chemical industry, has reported a significant increase in losses for the first quarter. The company's financial results, released on August 14, reveal the challenges faced during the April-June quarter.

Financial Performance

Losses and Revenue

Kanchi Karpooram's standalone net loss for the quarter ended June 30 stood at Rs 118.82 lakhs, a substantial increase from the Rs 37.70 lakhs loss reported in the same quarter of the previous year. This represents a year-on-year increase in losses of approximately 215%.

Despite the widened losses, the company saw a notable improvement in its total income from operations. Revenue rose to Rs 62.15 lakhs for the quarter, up from Rs 10.65 lakhs in the corresponding period last year, marking a significant increase of about 484%.

Corporate Governance

The company's board of directors approved these unaudited financial results at their meeting held on August 13. In line with regulatory requirements and to ensure transparency, Kanchi Karpooram has made the detailed financial results available on its website and the stock exchange platforms.

Industry Context

The chemical industry, in which Kanchi Karpooram operates, has been facing various challenges, including fluctuating raw material costs and market demand. The company's increased revenue suggests a potential uptick in demand or improved pricing, but the widened losses indicate ongoing pressures on profitability.

Future Outlook

While the increased losses are a concern, the substantial growth in revenue could be seen as a positive sign for future quarters. Investors and analysts will likely be watching closely to see if Kanchi Karpooram can translate this revenue growth into improved bottom-line performance in the coming quarters.

The company's management has not provided specific guidance for the upcoming quarters in the released statement. However, their efforts to maintain transparency through prompt reporting and easy access to financial results demonstrate a commitment to keeping stakeholders informed during these challenging times.