Kisaan Parivar Industries , formerly known as Richirich Inventures Limited, has announced a significant change in its top leadership. Dr. Malik Vivekananda Swamy, who held the dual roles of Chief Executive Officer (CEO) and Chief Financial Officer (CFO), has tendered his resignation from both positions.

Resignation Details

• Effective Date: October 12, 2025
• Resignation Submitted: August 7, 2025
• Reason Cited: Personal reasons

Company Statement

The company has confirmed that there are no material reasons for the resignation beyond what Dr. Swamy stated in his notice. This transparency is crucial for maintaining investor confidence during leadership transitions.

Company Information

Impact and Next Steps

While the company has not provided immediate information on succession plans, the early notice of resignation (over two months in advance) suggests that Kisaan Parivar Industries Limited will have time to manage the transition effectively. Shareholders and market watchers will likely be keen to see who the company appoints to these crucial leadership roles and how this change might affect the company's strategic direction.

The resignation of a dual role executive like Dr. Swamy, who was responsible for both the operational leadership as CEO and financial stewardship as CFO, marks a significant event for any company. It will be important for Kisaan Parivar Industries to communicate their plans for filling these positions and ensuring continuity in their business operations.

As this development unfolds, stakeholders will be watching closely for any updates on the company's leadership transition strategy and any potential impact on its business operations or financial outlook.

Kisaan Parivar Industries Limited, an agriculture produce company, has announced its financial results for the first quarter of fiscal year 2025-26 and made several key decisions in a recent board meeting.

Q1 FY26 Financial Performance

The company reported a slight increase in revenue from operations for the quarter ended June 30, 2025:

Despite the marginal growth in revenue, the company experienced a slight dip in net profit compared to the same quarter last year. The basic and diluted earnings per share for the quarter stood at Rs 0.58.

Key Board Meeting Decisions

The board of directors, in their meeting held on August 11, 2025, approved several important matters:

1. Financial Results: The board approved the unaudited financial results for the quarter ended June 30, 2025.

2. Internal Auditor Appointment: MPR & Associates, a Hyderabad-based cost accountancy firm, has been appointed as the internal auditors for the financial year 2025-26, effective from August 11, 2025.

3. Annual General Meeting: The company has scheduled its Annual General Meeting (AGM) for the financial year 2024-25 on September 23, 2025, at 11:00 AM. The meeting will be conducted through video conference and other audio-visual means.

Company Overview

Kisaan Parivar Industries Limited, formerly known as Richirich Inventures Limited, operates primarily in the agriculture produce business. The company maintains a paid-up equity share capital of Rs 8.8 crore, with shares having a face value of Rs 5 each.

Corporate Governance

The appointment of MPR & Associates as internal auditors demonstrates the company's commitment to maintaining robust internal controls and financial practices. This Hyderabad-based firm, founded in 2012, specializes in costing, accounting, taxation, and advisory services.

The decision to hold the AGM through video conference aligns with modern corporate practices, ensuring shareholder participation while potentially reducing logistical challenges.

As Kisaan Parivar Industries Limited navigates the current fiscal year, stakeholders will be keen to observe how the company's strategies in the agriculture produce sector unfold, particularly in light of the marginal revenue growth and slight profit decline in Q1 FY26.