Board approves internal auditor, promoter reclassification and postal ballot for six director appointments

Kesoram's Board met on September 29, 2026 and cleared three things.

Tue 29 Sep 2026

Internal Auditor Appointed

M/s. Kothari & Co., Chartered Accountants (FRN: 301178E) for FY 2026-27

Managing Director Appointment

Mr. Gautam Agarwalla for 5 consecutive years from September 12, 2026 to September 11, 2031

Independent Directors

4 Independent Directors appointed: Mr. Aninda Chatterjee, Mr. Himanshu Ranjan, Mr. Rishi Bajoria, Mrs. Charu Rajgharia

E-voting Period

October 13, 2026 9:00 a.m. to November 11, 2026 5:00 p.m. IST

Promoter Reclassification

Approved reclassification of promoter & promoter group under Regulation 31A; application to be shared within prescribed time

What the Board decided

The Board of Kesoram Industries met on September 29, 2026 (12:15 P.M. to 12:30 P.M.) and took three decisions.

• Appointed M/s. Kothari & Co., Chartered Accountants (FRN: 301178E) as Internal Auditor for the financial year 2026-27, under Section 138 of the Companies Act, 2013. The firm was established in 1951, has Seven partners and six Chartered Accountants, and is on panels maintained by the CAG, RBI and Indian Bank Association.
• Approved reclassification of the promoter & promoter group under Regulation 31A of SEBI LODR. The application is to be shared within the prescribed time, subject to applicable laws.
• Approved a Postal Ballot Notice dated September 29, 2026, sent electronically to members registered as on the cut-off date.

Board changes put to shareholders

Special resolutions (Non-Executive Independent Directors, each for 5 consecutive years from September 12, 2026 to September 11, 2031, not liable to retire by rotation):

• Mr. Aninda Chatterjee
• Mr. Himanshu Ranjan
• Mr. Rishi Bajoria
• Mrs. Charu Rajgharia

Ordinary resolutions

• Mr. Amit Agarwalla as Non-Executive Non-Independent Director for 5 consecutive years from September 12, 2026 to September 11, 2031, liable to retire by rotation.
• Mr. Gautam Agarwalla as Managing Director for 5 (five) consecutive years from September 12, 2026 to September 11, 2031, not liable to retire by rotation, on terms including remuneration set out in the Explanatory Statement.

All six were first appointed as Additional Directors with effect from September 12, 2026, and members' approval is now sought to confirm them.

Voting mechanics

• Remote e-voting opens Tuesday, October 13, 2026 at 9:00 a.m. (IST) and closes Wednesday, November 11, 2026 at 5:00 p.m. (IST); voting is blocked after that.
• Cut-off date for eligibility: Friday, September 25, 2026.
• NSDL is the e-voting service provider. The Notice is on the company website and the BSE, NSE, Calcutta Stock Exchange and NSDL websites.
• Members whose e-mail is not registered may register by 5:00 P.M. on Friday, October 02, 2026 with the RTA, MCS Share Transfer Agent Limited.

How to read it

This is a governance update rather than a business or earnings update. Together, the Managing Director appointment, a refreshed slate of independent directors and a promoter-group reclassification point to a change in the company's board and ownership-classification structure. The reclassification itself will take effect only after the application is shared and processed as per the prescribed process, and the director appointments take effect only if members approve them through the postal ballot.

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