Kesoram Industries Limited (NSE: KESORAMIND | BSE: 502937)
Kesoram Industries Limited (NSE: KESORAMIND | BSE: 502937)
Introduction
Kesoram Industries Limited (CIN: L17119WB1919PLC003429) has filed a Regulation 30 disclosure with the stock exchanges, informing investors of a change in control/management of its wholly‑owned subsidiary, Cygnet Industries Limited, effective September 12 2026.
Key Highlights of the Board Meeting (Cygnet Industries Limited)
Management Appointments
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Non‑Executive Non‑Independent Directors
- Mr. Gautam Aggarwalla (DIN: 00413204)
- Mr. Amit Aggarwalla (DIN: 00413345)
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Whole‑time Director
- Mr. Achintya Pal (DIN: 11772513)
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Non‑Executive Independent Directors (effective 12 Sept 2026, subject to statutory requirements)
- Mr. Rishi Bajoria (DIN: 00501157)
- Mr. Goutam Banerjee (DIN: 09281927)
- Mrs. Charu Rajgharia (DIN: 05329700)
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Company Secretary
- Mrs. Nikita Rateria (Membership No. 36115) appointed with effect from 12 Sept 2026.
Resignations
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Company Secretary
- Mrs. Snehaa Shaw resigned with immediate effect.
-
Non‑Executive Independent Directors
- Mrs. Sarat Priya Patjoshi (DIN: 06620290)
- Mr. Kashi Prasad Khandelwal (DIN: 00748523)
- Mr. Satish Narain Jajoo (DIN: 07524333)
All resignations effective at the close of business on 12 Sept 2026.
Regulatory & Shareholding Impact
- The disclosure complies with Regulation 30(9) of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
- No change in Kesoram’s shareholding in Cygnet Industries Limited; the subsidiary remains wholly owned by Kesoram Industries Limited, except for any adjustments already disclosed under the Share Purchase Agreement dated 4 Dec 2025.
Board Meeting Details
- Date & Time: 12 September 2026, 1:00 pm – 1:30 pm (registered office of Cygnet Industries Limited).
- Signatory: Rishi Bajoria, Director (DIN: 00501157), digitally signed on 12 Sept 2026 at 16:13:31 +05:30.
This announcement is provided for information and record‑keeping purposes and does not constitute an offer or solicitation of securities.
Today's disclosure serves as a reinforcing follow-on to the parent-level corporate acquisition where Frontier Warehousing completed its 42. 80% controlling stake purchase in Kesoram Industries. Following the demerger and divestment of Kesoram's cement division to UltraTech Cement, Cygnet Industries Limited represents Kesoram's sole operating subsidiary, housing its rayon, specialty packaging, and chemical businesses.
Sign in for impact outlook, horizons, comparables, and full intelligence analysis.
Forecast from comparable, historic events. Not investment advice.
Original Source Document
View the original exchange filing or announcement.
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