Kusam Electrical Industries Appoints Two Directors for 5-Year Terms

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.

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Kusam Electrical Industries Limited , a player in the electrical and electronic measuring instruments trading sector, has reported a significant turnaround in its financial performance for the first quarter. The company's board meeting revealed impressive results and several key decisions.

Financial Highlights

Kusam Electrical Industries posted a profit of Rs 26.03 lakh for Q1, marking a substantial improvement from a loss of Rs 26.27 lakh in the same period last year. The company's revenue from operations saw a notable increase, rising to Rs 268.03 lakh compared to Rs 156.12 lakh in the previous year's quarter.

Particulars (in Rs Lakhs)	Q1 FY2025-26	Q1 FY2024-25	% Change
Revenue from Operations	268.03	156.12	71.68%
Total Income	271.62	157.45	72.51%
Profit/(Loss) Before Tax	35.65	(26.69)	233.57%
Net Profit/(Loss)	26.03	(26.27)	199.09%

The company's total income for the quarter stood at Rs 271.62 lakh, up from Rs 157.45 lakh in the corresponding quarter of the previous year. Earnings per share (EPS) for the quarter improved significantly to Rs 16.85, compared to a negative Rs 10.95 in the same quarter last year.

Board Decisions and Appointments

The Board of Directors made several important decisions during the meeting:

Re-appointment of Directors

Shri Chandmal Parasmal Goliya was re-appointed as Director.
Mr. Navin Chandmal Goliya was re-appointed as Whole Time Director for a period of 5 years, subject to shareholder approval.

New Appointment

Mrs. Milli Navin Goliya was appointed as an Additional Non-executive Director for a term of 5 years, pending shareholder approval.

Statutory Auditors

The Board approved the appointment of M/S. CHHAJED & DOSHI as Statutory Auditors for a term of 5 years, from the financial year 2025-26 to 2029-30, subject to shareholder approval at the upcoming Annual General Meeting.

Annual General Meeting

The company has scheduled its 42nd Annual General Meeting, with Dr. S. K. Jain, Practicing Company Secretary, appointed as the scrutinizer for the event.

Outlook

The strong financial performance in Q1 indicates a positive trend for Kusam Electrical Industries Limited. The significant increase in revenue and the turnaround from loss to profit demonstrate the company's resilience and potential for growth in the electrical and electronic measuring instruments sector.