Kaynes Technology Shareholders Approve Leadership Reshuffle in Postal Ballot

Kaynes Technology India Limited has successfully completed its postal ballot process, with shareholders approving significant leadership changes that will reshape the company's top management structure. The voting results, announced on December 15, 2025, confirm the appointment of a new Managing Director and redesignation of the current leadership.

Voting Results and Shareholder Approval

The e-voting process conducted through National Securities Depository Limited (NSDL) from November 13, 2025, to December 12, 2025, saw overwhelming shareholder support for both proposed resolutions. A total of 1,197 members participated in the remote e-voting process.

Resolution Details	Votes in Favour	Votes Against	Approval Rate
Dr. Muthukumar Narayanaswamy as Managing Director	53,813,106	1,195,481	97.83%
Mr. Ramesh Kunhikannan as Executive Vice Chairman	54,971,086	37,620	99.93%

New Managing Director Appointment Confirmed

Dr. Muthukumar Narayanaswamy's appointment as Managing Director has been approved for a five-year term from September 24, 2025, to September 23, 2030. With nearly four decades of experience in automotive, rubber, and industrial products sectors, Dr. Narayanaswamy brings extensive expertise in operational excellence and technological transformation to his new role.

Leadership Transition Details

Mr. Ramesh Kunhikannan, the current Managing Director, will transition to the role of Executive Vice Chairman in the category of Whole Time Director. This change will be effective from September 24, 2025, to March 31, 2029, covering his residual term with the company.

Leadership Structure	Current Role	New Role	Effective Period
Dr. Muthukumar Narayanaswamy	Proposed Appointee	Managing Director	Sep 24, 2025 - Sep 23, 2030
Mr. Ramesh Kunhikannan	Managing Director	Executive Vice Chairman	Sep 24, 2025 - Mar 31, 2029
Annual Remuneration	₹1.80 crore	₹1.80 crore	As approved

Scrutinizer's Report and Compliance

Kalaivani S, Company Secretary (ACS No: 57112), served as the appointed scrutinizer for the postal ballot process. The scrutinizer's report confirmed that all voting procedures were conducted in a fair and transparent manner, adhering to the provisions of the Companies Act, 2013, and SEBI regulations.

The company has filed the voting results and scrutinizer's report with BSE Limited and National Stock Exchange of India Limited, ensuring compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Leadership Enhancement

These approved leadership changes reflect Kaynes Technology's strategic initiative to strengthen its management team for future growth in the electronics manufacturing services industry. Dr. Narayanaswamy's extensive background with companies like TTK-LIG Limited, TVS Group, and Cummins Meritor, combined with his Ph.D. in Operations Management, positions the company for enhanced operational excellence.

Mr. Ramesh Kunhikannan, who has been with Kaynes Technology since its incorporation and holds 36 years of experience in strategic planning and business development, will continue contributing to the company's growth in his new executive role. The transition ensures continuity while bringing fresh leadership perspectives to drive the company's expansion in the electronics manufacturing sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.05%	-2.59%	-11.99%	-37.77%	-46.54%	+455.30%

Kaynes Technology India Limited , a prominent player in the Indian technology sector, has announced a significant change in its board composition. Anup Kumar Bhat, an Independent Director of the company, has tendered his resignation, effective November 10, 2025.

Resignation Details

Mr. Bhat's departure from the board comes with immediate effect, as disclosed in a regulatory filing by Kaynes Technology India. The company cited Mr. Bhat's commitment to various other assignments as the primary reason for his resignation.

Impact on Board Committees

With this resignation, Mr. Bhat will also step down from his roles in several key committees of the company. The positions he will vacate include:

Committee	Role
Audit Committee	Member
Corporate Social Responsibility Committee	Member
Nomination & Remuneration Committee	Member
Risk Management Committee	Member

Regulatory Compliance

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Kaynes Technology India has promptly informed the stock exchanges about this development. The company has assured that Mr. Bhat confirmed no material reasons for his resignation other than those mentioned in his resignation communication.

Company Response

Anuj Mehtha, Company Secretary and Compliance Officer of Kaynes Technology India Limited, officially communicated this change to the BSE Limited and the National Stock Exchange of India Limited. The company has stated that the information regarding Mr. Bhat's resignation will be available on their official website.

About Kaynes Technology India Limited

Kaynes Technology India Limited, with its registered office in Mysore, Karnataka, is listed on both the BSE and the NSE. The company operates in the technology sector and has been compliant with regulatory requirements in disclosing this board-level change.