Kaiser Corporation Bolsters Board with Two New Independent Directors
Kaiser Corporation Ltd has appointed Mr. Gitesh Nimkar and Mrs. Hufrish Variava as Additional Non-Executive Independent Directors, effective July 30, 2025, pending shareholder approval. Both are commerce graduates from Mumbai with expertise in accounts and related fields. The company's Q1 FY2025-26 results show significant declines, with revenue from operations down 48.70% and a net loss of Rs. 50.13 lakhs compared to a profit in the previous year. The infrastructure projects segment remains the largest revenue contributor despite a substantial decrease.
30Jul 25
Kaiser Corporation Reports Mixed Q1 Results; Appoints New Independent Directors
Kaiser Corporation Limited reported mixed financial results for Q1 ended June 30. Standalone profit after tax was Rs 1.33 lakh, down from Rs 1.82 lakh year-over-year, while revenue increased to Rs 18.90 lakh. Consolidated results showed a loss of Rs 50.13 lakh, compared to a profit of Rs 11.22 lakh last year, with revenue declining to Rs 308.97 lakh from Rs 602.79 lakh. The company appointed two new independent directors and reported a 4.39% reduction in promoter shareholding. Kaiser Corporation is considering diversification into new fields, subject to shareholder approval.
24Jul 25
Kaiser Corporation Ltd Sets Board Meeting to Review Q1 Results and Appoint New Directors
Kaiser Corporation has scheduled a Board of Directors meeting for July 30, 2025, to address key matters including Q1 financial results, AGM preparations, and significant corporate governance changes. The board will review Q1 unaudited financial results, plan the 32nd AGM, discuss director rotation, propose two new independent directors, and consider changes to the company's foundational documents.