Subsidiary Cygnet Industries Board Appoints Auditors; Independent Director Resigns

Kesoram's wholly owned subsidiary Cygnet Industries Ltd held a Board meeting on September 29, 2026.

Tue 29 Sep 2026

Cost Auditor Appointed

M/s. Mondal & Associates, Cost Accountants

Internal Auditor Appointed

M/s. Kothari & Co., Chartered Accountants

Secretarial Auditor Appointed

M/s. AR Bajaj & Associates LLP

Independent Director Resignation

Mr. Deepak Kumar Sharma, Non-Executive Independent Director, effective September 29, 2026

What was shared

Kesoram Industries Limited disclosed the outcome of the Board meeting of its wholly owned subsidiary, Cygnet Industries Limited, held on September 29, 2026.

Auditor appointments for FY 2026-27

• Cost Auditor: M/s. Mondal & Associates, Cost Accountants, on terms and remuneration approved by the Board.
• Internal Auditor: M/s. Kothari & Co., Chartered Accountants, on terms and fees approved by the Board.
• Secretarial Auditor: M/s. AR Bajaj & Associates LLP, Practicing Company Secretaries, on terms and remuneration approved by the Board.

Board change

The Board approved and recorded the resignation of Mr. Deepak Kumar Sharma, Non-Executive Independent Director, with effect from the close of business hours on September 29, 2026.

Meeting timing

The meeting commenced at 1:15 p.m. and concluded at 1:35 p.m.

How to read this

These are routine governance actions at the subsidiary level, covering statutory audit-related appointments for the year. The resignation of an independent director at the subsidiary is a board composition change that investors may track alongside other governance disclosures. The update does not involve any change to Kesoram's own operations or shareholding in the subsidiary, which remains wholly owned.

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