Kusam Electrical Industries has resubmitted its announcement regarding the resignation of Company Secretary Ms. Amruta Kiran Lokhande to the Bombay Stock Exchange (BSE), following a request for clarification about delayed compliance reporting.

BSE Clarification and Resubmission

The company initially announced the resignation on November 05, 2025, but received an inquiry from BSE on November 06, 2025, regarding the delay in reporting within the mandatory 24-hour timeframe as required under SEBI Circular No. SEBI/HO/CFD/PoD2/P/CIR/P/0155 dated November 11, 2024.

Resignation Details

Company's Explanation

Kusam Electrical Industries explained that the delay occurred inadvertently as the company did not have a Company Secretary and Compliance Officer in place immediately upon Ms. Lokhande's resignation. Consequently, there was no designated compliance officer available to prepare and submit the intimation within the prescribed timeline.

The company has expressed regret for the delay and assured that it has strengthened its internal compliance and reporting mechanisms to ensure timely disclosures and strict adherence to regulatory requirements in the future.

Regulatory Compliance

The resubmission was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided complete details along with the resignation letter for BSE's records and has committed to informing the exchange once a new Company Secretary and Compliance Officer is appointed.

Kusam Electrical Industries Ltd. has made significant changes to its board composition, as approved at its Annual General Meeting (AGM) held on September 26, 2025. The company has re-appointed a key executive and brought in a new non-executive director, both for five-year terms.

Re-appointment of Whole Time Director

Mr. Navin Chandmal Goliya has been re-appointed as the Whole Time Director of Kusam Electrical Industries for a period of five years. Mr. Goliya, who holds a Bachelor's degree in Electronics Engineering, brings extensive industry experience to the company. His re-appointment was initially approved by the Board of Directors on August 13, 2025, and subsequently ratified by shareholders at the AGM.

New Non-Executive Director

In addition to Mr. Goliya's re-appointment, the company has also appointed Mrs. Milli Navin Goliya as a Non-executive Director for a five-year term. Mrs. Goliya, who holds a Bachelor's degree in Commerce, is noted for her management skills in finance and accounting. Her appointment, like Mr. Goliya's, was initially approved by the Board on August 13, 2025, before being confirmed at the AGM.

Other Key Appointments

The AGM also saw the approval of other significant appointments:

• M/S. Chhajed & Doshi, Chartered Accountants, were appointed as Statutory Auditors for a term of five years, from the financial year 2025-26 to 2029-30.
• CS Nishi Jain, a Practicing Company Secretary, was appointed as the Secretarial Auditor for the same five-year period.

AGM Proceedings

The 42nd Annual General Meeting of Kusam Electrical Industries was held at the company's registered office in Mumbai. The meeting, chaired by Mr. Navin Chandmal Goliya, saw the presence of six directors, including the chairman of the Audit Committee.

The AGM addressed various agenda items, including:

• Adoption of financial statements for the year ended March 31, 2025
• Re-appointment of Mr. Chandmal Parasmal Goliya, who was retiring by rotation

These board-level changes and appointments reflect Kusam Electrical Industries' focus on strengthening its governance and leadership as it moves forward. The mix of continuity in executive leadership and the introduction of new perspectives through the non-executive appointment suggests a balanced approach to the company's future direction.