KCD Industries India Limited has announced significant changes to its board of directors, appointing three new independent directors while accepting resignations from four existing board members. The changes, effective August 16, 2025, mark a substantial reshaping of the company's leadership structure.

New Appointments

The company's board, based on recommendations from the Nomination and Remuneration Committee, has appointed three new Additional Directors in the Independent Director category:

1. Mr. Hari Om Patidar: A Company Secretary with over 8 years of experience, Mr. Patidar brings expertise in legal and regulatory compliance, corporate governance practices, and company administration.

2. Ms. Devyani Chhajed: A Chartered Accountant and Company Secretary with an MBA, Ms. Chhajed offers a strong background in financial management, strategic problem-solving, and business operations.

3. Ms. Ritu Tiwari: With more than a decade of experience as a Company Secretary, Ms. Tiwari has held key positions across various industries, including retail, infrastructure, and FMCG sectors.

All three appointments are for a term of five years, from August 16, 2025, to August 16, 2030, subject to shareholder approval at the upcoming Annual General Meeting.

Board Resignations

Simultaneously, the board accepted resignations from four directors:

1. Ms. Swati Gupta - Professional & Non-Executive Independent Director
2. Mr. Manish Kumar Jain - Non-Executive Independent Director
3. Ms. Ritakshi Khandelwal - Non-Executive Director
4. Mr. Akash Tarunkumar Shah - Executive Director

These resignations are also effective from August 16, 2025.

Implications for Corporate Governance

The restructuring of KCD Industries India's board appears to be a strategic move to enhance its corporate governance framework. The new appointees bring diverse expertise in areas such as regulatory compliance, financial management, and strategic advisory, which could strengthen the company's decision-making processes and oversight capabilities.

Mr. Rajiv Chandulal Darji, Managing Director & CEO of KCD Industries India Limited, signed off on the official communication, underlining the significance of these changes at the highest level of the company's management.

These board changes come at a time when companies are increasingly focusing on robust corporate governance practices. The addition of experienced independent directors may signal KCD Industries India's commitment to maintaining high standards of transparency and accountability in its operations.

Investors and stakeholders will likely watch closely how these changes influence the company's strategic direction and performance in the coming years. The market's reaction to this news will be an important indicator of confidence in KCD Industries India's new leadership structure.

KCD Industries India Limited, a company listed on the Bombay Stock Exchange (BSE), has witnessed a significant change in its shareholding pattern. Rajiv Chandulal Darji, a promoter of the company, has completely divested his stake in an off-market transaction.

Key Details of the Transaction

• Seller: Rajiv Chandulal Darji (Promoter)
• Shares Sold: 52,84,286 equity shares
• Stake Percentage: 20.9% of the total share capital
• Transaction Date: August 12, 2025
• Mode of Transfer: Off-market transaction

New Investors and Their Stakes

The shares were acquired by six individuals, none of whom belong to the promoter or promoter group. The distribution of shares among the new investors is as follows:

Impact on Company Structure

• The total equity share capital of KCD Industries India Limited remains unchanged at 2,52,88,554 shares with a face value of Re. 1 each.
• This transaction marks the complete exit of Rajiv Chandulal Darji from the company's shareholding.
• The new investors now collectively hold the 20.9% stake previously owned by the promoter.

Regulatory Compliance

The company has made the necessary disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This ensures transparency and keeps the market informed about significant changes in the company's ownership structure.

This development represents a notable shift in the ownership dynamics of KCD Industries India Limited, potentially influencing the company's future direction and governance. Investors and market watchers will likely keep a close eye on any subsequent changes or announcements from the company following this substantial stake transfer.