KEC International Limited has announced the superannuation of Mr. Kaushal Kodesia, Executive Director – Special Projects, effective December 31, 2025. The infrastructure company informed both the National Stock Exchange of India Limited and BSE Limited about this senior management change through a regulatory filing.

Senior Management Transition

Mr. Kaushal Kodesia will cease to be Senior Management Personnel of the company with effect from the close of business hours on December 31, 2025. The superannuation represents a planned retirement transition within the company's leadership structure.

Regulatory Compliance Details

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided the required disclosure details as mandated by SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Corporate Communication

The formal intimation was signed by Suraj Eksambekar, Company Secretary and Compliance Officer, and communicated to both stock exchanges where KEC International shares are listed. The company requested the exchanges to take note of this change in their records.

This superannuation represents a routine senior management transition as part of the company's organizational changes, with KEC International ensuring full compliance with regulatory disclosure requirements.

KEC International Limited , a prominent player in the power transmission and distribution sector, faces continued challenges as Power Grid Corporation of India Limited (PGCIL) maintains its exclusion order despite Delhi High Court directions. The company had initially received relief when the court stayed the exclusion order, but recent developments indicate the matter remains unresolved.

PGCIL Issues Supplementary Order

Following the Delhi High Court's directions, PGCIL has issued a supplementary order maintaining its original decision to exclude KEC International from tenders.

High Court Intervention and Current Status

The Delhi High Court had previously provided significant relief to KEC International through its intervention in the exclusion matter.

Company's Response and Strategy

KEC International has disclosed that it is examining PGCIL's supplementary order for taking appropriate judicial recourse. The company maintains that despite the ongoing legal challenges, it does not envisage any significant impact on its operations and financial position, citing its strong order book and robust tender pipeline as mitigating factors.

Business Impact Assessment

The company has reiterated its position regarding the potential business impact of the exclusion order.

Corporate Governance and Compliance

KEC International has emphasized its commitment to maintaining the highest standards of corporate governance throughout this legal challenge. The company stated that it upholds ethics and compliance in all operations, conducting business with integrity, transparency, and adherence to applicable laws and regulations.

Market Outlook

While the supplementary order from PGCIL represents a setback following the initial court relief, KEC International's strong financial position and diversified order book provide stability during this challenging period. The company's decision to pursue further judicial recourse indicates its confidence in challenging the exclusion order through proper legal channels.