- Kesoram Industries Limited (NSE: KESORAMIND | BSE: 502937) filed a Regulation 30 disclosure announcing a change in control/management of its wholly‑owned subsidiary Cygnet Industries Limited, effective 12 Sept 2026.
- New board members at Cygnet Industries Limited (effective 12 Sept 2026): Non‑Executive Non‑Independent Directors Gautam Aggarwalla and Amit Aggarwalla; Whole‑time Director Achintya Pal; Non‑Executive Independent Directors Rishi Bajoria, Goutam Banerjee, Charu Rajgharia; and Company Secretary Nikita Rateria.
- Resignations effective the same date: Company Secretary Snehaa Shaw; Independent Directors Sarat Priya Patjoshi, Kashi Prasad Khandelwal, and Satish Narain Jajoo.
- The filing confirms no change in Kesoram’s shareholding in Cygnet Industries Limited; the subsidiary remains wholly owned, aside from adjustments already disclosed under the Share Purchase Agreement dated 4 Dec 2025.
- Board meeting held on 12 Sept 2026 (1:00 pm‑1:30 pm) at Cygnet’s registered office, digitally signed by Director Rishi Bajoria.
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.
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