Kesoram Industries Limited (KIL), a prominent player in the Indian industrial sector, has announced a significant change in its leadership team. The company's Board of Directors has approved the appointment of Sameer Kumar Ray as the new Chief Financial Officer (CFO), effective August 18, 2025.

Board Meeting Details

The decision was made during a board meeting held on August 18, 2025. The meeting, which commenced at 4:25 p.m. and concluded at 5:15 p.m., saw the directors unanimously approving Ray's appointment to this crucial role.

About Sameer Kumar Ray

Sameer Kumar Ray brings a wealth of experience to his new position at Kesoram Industries. He is a qualified Chartered Accountant with an impressive twenty-four years of overall experience in the financial sector. This extensive background is expected to be a valuable asset to KIL as it navigates the complex financial landscape of the industry.

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, Kesoram Industries promptly disclosed the details of this appointment. The company submitted the required information to the BSE Ltd., National Stock Exchange of India Ltd., and The Calcutta Stock Exchange Ltd.

Company Secretary's Statement

Sneha Shaw, the Company Secretary of Kesoram Industries Limited, officially communicated this development to the stock exchanges. The disclosure included all necessary details as mandated by SEBI regulations, ensuring transparency in the appointment process.

Implications for Kesoram Industries

The appointment of a seasoned professional like Sameer Kumar Ray as CFO is a strategic move for Kesoram Industries. His extensive experience is likely to contribute significantly to the company's financial strategies and operations, potentially influencing its future growth and stability in the market.

Kesoram Industries Limited, with its corporate office located at 9/1, R.N. Mukherjee Road, Kolkata - 700 001, continues to demonstrate its commitment to strong corporate governance through timely disclosures and strategic appointments. Shareholders and market watchers will likely keep a close eye on how this new appointment impacts the company's financial direction in the coming years.

Kesoram Industries Limited (KIL) has initiated a postal ballot process to seek shareholder approval for the re-appointment of Radhakrishnan Padmalochanan as Whole-time Director and Chief Executive Officer (CEO) for a one-year term, effective August 8, 2025. This move comes as the company navigates a critical transition phase following the demerger of its cement business.

Key Details of the Proposed Re-appointment

• Term: One year, from August 8, 2025, to August 7, 2026
• Remuneration: Unchanged at Rs 5.29 crores per annum, plus allowances
• Voting Period: August 6 to September 4, 2025
• Results Announcement: By September 6, 2025

Company's Rationale for Re-appointment

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has proposed Radhakrishnan's re-appointment, citing several factors:

1. Post-Demerger Transition: Following the completion of its cement business demerger on March 1, 2025, Kesoram Industries is in a transitional phase.
2. Financial Context: The company reported no operational profit for FY 2024-25, though it recorded a one-time demerger gain of Rs 5,675.63 crores.
3. Leadership Continuity: The Board considers Radhakrishnan's continued leadership essential for post-demerger restructuring and managing subsidiary operations in rayon, transparent paper, and chemicals.

About Radhakrishnan Padmalochanan

• Joined Kesoram Industries in 2014
• Serving as CEO since August 2019
• Qualifications: Chartered Accountant and Cost & Management Accountant
• Extensive experience in cement, automobile, oil, and gas industries
• Currently holds 624 equity shares in the company

Voting Process

Shareholders can cast their votes electronically through the remote e-voting system provided by National Securities Depository Limited (NSDL). The company has appointed Ritu Bajaj of RP & Associates as the scrutinizer to ensure a fair and transparent voting process.

Financial Performance Context

*Includes one-time demerger gain of Rs 5,675.63 crores

The proposed re-appointment and remuneration come at a time when the company is repositioning itself post-demerger. Shareholders will need to consider the company's transitional state and future prospects while casting their votes on this resolution.