KCD Industries India Limited , a prominent player in the Indian industrial sector, has announced significant changes to its board composition and leadership structure, along with details of its upcoming 40th Annual General Meeting (AGM).

Board Appointments and Restructuring

The company's Board of Directors, in a meeting held on September 5, 2025, made several key appointments:

• Mr. Chirag Shah has been appointed as an Additional Director in the capacity of Executive Director. Mr. Shah, aged 32, brings expertise in finance and business management to the board.
• M/s. Deepak Patil & Co., a peer-reviewed practicing company secretarial firm, has been appointed as the Secretarial Auditor for a five-year term, subject to shareholder approval at the upcoming AGM.
• Mr. Himanshu Gupta has been appointed as the new Company Secretary & Compliance Officer, replacing Ms. Priyanka Dangayach, who resigned due to personal reasons.

Committee Reconstitution

Following these appointments, KCD Industries India has reconstituted its key committees:

1. Audit Committee
2. Stakeholder Relationship Committee
3. Nomination & Remuneration Committee

Mr. Chirag Shah has been inducted as a member across all these committees, effective from his appointment date.

40th Annual General Meeting

The company has scheduled its 40th AGM for September 30, 2025, to be held via video conferencing. Key agenda items include:

• Adoption of financial statements for the year ended March 31, 2025
• Re-appointment of Mr. Rajiv Chandulal Darji, who retires by rotation
• Regularization of Mr. Chirag Shah's appointment as Executive Director
• Appointment of three new Independent Directors:
  1. Mr. Hari Om Patidar
  2. Ms. Devyani Chhajed
  3. Ms. Ritu Tiwari

These Independent Directors were previously appointed on August 16, 2025, and their appointments will be placed for shareholder approval at the AGM.

Secretarial Auditor Appointment

The Board has recommended the appointment of M/s. Deepak Patil & Co. as the Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval at the AGM.

KCD Industries India Limited continues to strengthen its corporate governance structure with these strategic appointments and changes. The upcoming AGM will be a crucial event for shareholders to participate in these important decisions shaping the company's future leadership and compliance framework.

Investors and stakeholders are advised to review the detailed AGM notice for complete information on the resolutions and voting procedures.

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.